Amazon in talks to buy $9 billion satellite group Globalstar

Amazon is in talks to acquire Globalstar, a satellite group valued at around $9 billion, as reported by the Financial Times and cited by Reuters. This potential acquisition highlights Amazon's increasing focus on expanding its footprint in the satellite internet sector, competing with initiatives like SpaceX's Starlink. Globalstar, which operates a constellation of communication satellites, could bolster Amazon's Project Kuiper, aimed at delivering broadband connectivity from space. The negotiations are ongoing, with no final details confirmed, but this move underscores Amazon's strategy to diversify its technology and infrastructure services.