Amazon acquires Globalstar for $11.57 billion to boost its satellite internet business
Amazon.com announced its acquisition of satellite firm Globalstar in an $11.57 billion deal. This move aims to strengthen Amazon's burgeoning satellite business and compete with Elon Musk's Starlink in the lucrative market for satellite-based connectivity. With this deal, Amazon adds Globalstar's two dozen satellites to its existing network of over 200. Amazon plans to deploy approximately 3,200 satellites in Earth's low orbit by 2029, with half required by a July regulatory deadline, and is preparing to launch its satellite internet services later this year. Globalstar's network specializes in reliable, low-data connections directly to mobile devices (Direct-to-Device or D2D).
Key Points
- Amazon is acquiring Globalstar for $11.57 billion to expand its satellite internet services.
- This acquisition aims to bolster Amazon's competitiveness against rivals like Elon Musk's Starlink.
- Globalstar's two dozen satellites will be integrated into Amazon's existing network of over 200 satellites.
- Amazon plans to deploy around 3,200 satellites in low Earth orbit by 2029, with services launching later this year.
- Globalstar's technology provides low-data, Direct-to-Device (D2D) connections for mobile devices.
Exam Facts
- Amazon.com is acquiring Globalstar for $11.57 billion.
- Amazon aims to compete with Elon Musk's Starlink.
- Amazon plans to deploy about 3,200 satellites by 2029.
- Globalstar's network supports Direct-to-Device (D2D) connections.
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