The e-commerce giant Amazon announced Tuesday its plans to purchase satellite communications company Globalstar in a deal worth $11.57 billion, marking a significant move to strengthen its space-based internet services.
The acquisition represents Amazon’s effort to expand its satellite internet capabilities and better compete with SpaceX’s established Starlink network, which currently dominates the satellite broadband market.
This purchase will enhance Amazon’s developing satellite operations as the company works to establish itself as a major player in the growing space communications industry.
