Globalstar

Globalstar Inc. (GSAT), a satellite communications company, reported its second-quarter earnings on Thursday. The Covington, Louisiana-based company posted revenue of $64.8 million but recorded a loss of $26.5 million, translating to 23 cents per share.

Amazon requested FCC approval to deploy 5,105 satellites for direct-to-phone connectivity, planning to start in 2028 using spectrum from its Globalstar acquisition.

Amazon has appointed Mike Recupero, former finance chief of Alexa, as the first VP of finance for its Leo satellite business. The move signals Amazon's commitment to building Leo into an independent venture, with leadership hires from companies like GitLab and T-Mobile, and the business expected to generate significant growth and returns.

Amazon is challenging Elon Musk's Starlink by acquiring Globalstar for $11.57 billion to expand its satellite internet capabilities. The deal provides Amazon with critical spectrum, infrastructure, and licenses to develop direct-to-device services for phones and wearables, partnering with Apple to enable features like emergency messaging starting in 2028.

Amazon is acquiring Globalstar, a satellite company, for over $11 billion. The deal may impact iPhone users through potential advancements in satellite communication technology.

Amazon plans to acquire Globalstar to expand its Amazon Leo Satellite Network, aiming to enhance global connectivity and satellite-based services. The acquisition marks a strategic move to strengthen Amazon's position in the satellite communications industry.

Amazon has secured a partnership with Apple to provide satellite connectivity for iPhones and Apple Watches, following its $11.6 billion acquisition of Globalstar. This move positions Amazon's Leo network as a competitor to SpaceX's Starlink service.

Amazon announced a $11.57bn deal to acquire satellite firm Globalstar, aiming to strengthen its space business and challenge Elon Musk's Starlink. The transaction, pending regulatory approval, would grant Amazon access to Globalstar's satellite network to compete with SpaceX's Starlink constellation.

Amazon has paid $11.5 billion to acquire Globalstar, gaining 24 operational satellites and technology to compete with Starlink. The deal includes spectrum licenses, IP, and an Apple partnership to expand Amazon's satellite constellation.

Amazon has agreed to acquire Globalstar, a satellite company, for $11.57 billion in cash to expand its satellite business. The deal includes Globalstar's technology used in Apple's 'Emergency SOS' feature.

Amazon has acquired Globalstar's satellite network for $11.57 billion to expand its Leo internet constellation, with Apple retaining 20% ownership and maintaining support for satellite services like Emergency SOS on iPhones and Apple Watches. The deal, set to close in 2027, aims to challenge Starlink's satellite connectivity ambitions.

Amazon is close to finalizing a deal with Globalstar to expand its satellite internet capabilities, aiming to compete with Elon Musk's Starlink service. The move underscores Amazon's strategy to enter the global satellite communications market.