Browsing Tag
Amazon Leo
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AMZN stock rises 3.8% as Amazon seals $11.6bn Globalstar acquisition to expand Amazon Leo satellite network ahead of SpaceX IPO
Amazon to acquire Globalstar for $11.6bn to add direct-to-device satellite capability to Amazon Leo and power Apple's iPhone satellite services. What it means for markets and Starlink. Read more.
Amazon bid puts Globalstar (GSAT) in play as satellite spectrum war heats up
Amazon is in talks to buy Globalstar (NASDAQ: GSAT) for USD 9bn. Here's what the deal means for retail investors, the Apple complication, and the key risks.