Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink
14/04/2026 13:04
April 14 (Reuters) - Amazon.com AMZN.O said on Tuesday it would acquire Globalstar GSAT.O in an $11.57 billion deal, bolstering its fledgling satellite business to take on bigger rival SpaceX's Starlink. (Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila and Leroy Leo) ((DeborahMary.Sophia@thomsonreuters.com;))
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