Here's something that caught my attention — Amazon might soon be in the satellite game, trying to buy Globalstar. Now, why does that matter? Well, it’s all about Amazon wanting to build its own low-Earth orbit network, kind of like SpaceX’s Starlink. According to Ivan Levingston and colleagues at the FT, Amazon’s in serious talks to acquire Globalstar, but there are some hurdles — mainly, Apple owns a 20 percent stake in the company, so Amazon has to negotiate with them too. That’s where things get tricky, and why the deal’s not nailed down yet. What’s interesting is how big tech’s staking its claim in space, not just for fun, but for controlling the future of internet connectivity. Fontanella-Khan and Amelia Pollard from the FT highlight that this move could give Amazon a competitive edge, especially as satellite internet becomes more crucial. So, get ready — this isn’t just about shopping or gadgets, it’s about the next frontier of communication, and Amazon’s eager to be a part of it.
Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business.
The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter.
One complicating factor has been Apple’s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said.
Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business.
The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter.
One complicating factor has been Apple’s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said.