Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

The thread reports that Amazon is in talks to acquire Globalstar for approximately $9 billion to bolster its Project Kuiper satellite internet service and directly compete with SpaceX's Starlink. This news significantly impacts Globalstar's stock, causing it to surge, and has implications for the competitive landscape in satellite communications. While the deal is not confirmed and faces complexities (like Apple's stake), it represents a major strategic move by Amazon in a high-growth sector, potentially benefiting Globalstar if the acquisition goes through and boosting competition against Starlink.