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Amazon’s $1.2 Billion Bet on Globalstar Signals a Satellite War That Goes Far Beyond Internet Access
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Amazon’s $1.2 Billion Bet on Globalstar Signals a Satellite War That Goes Far Beyond Internet Access

WebProNews·Name·about 1 month ago
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Amazon doesn’t just want to sell you things. It wants to be the invisible infrastructure underneath everything — your groceries, your cloud computing, your voice assistant, and now, the satellite signal that connects your phone when cell towers can’t reach you. The company’s agreement to acquire Globalstar for approximately $1.2 billion in cash represents its most aggressive push yet into space-based connectivity, and it arrives at a moment when the commercial satellite industry is being remade by a handful of deep-pocketed technology giants racing to own the next layer of global communications. The deal, announced in late January 2025, values Globalstar at $6.40 per share — a premium of roughly 4.9% over the stock’s prior close, according to TechRepublic . That price tag looks modest. Almost suspiciously so. Globalstar isn’t a startup.…

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