Amazon to acquire satellite firm Globalstar for $11.6 billion, takes on Elon Musk’s Starlink
Amazon said on Tuesday (April 14) it would acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it looks to take on Elon Musk-led bigger rival Starlink. Shares of satellite company Globalstar were up more than 9% in premarket trading, after gaining over 6% in the past two weeks following media … Read more