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Amazon to buy Starlink rival in $11.57-bn deal
April 15, 2026
|Financial Express Kolkata
Amazon adds Globalstar’s two dozen satellites to its network of more than 200
AMAZON.COM SAID ON Tuesday it will acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk’s Starlink.
Tech companies are pouring billions of dollars into capturing the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink’s 10,000-unit-strong network. Through the deal, Amazon adds Globalstar’s two dozen satellites to its existing network of more than 200.
هذه القصة من طبعة April 15, 2026 من Financial Express Kolkata.
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