Back to News
investment

Amazon to buy Globalstar to bolster Leo satellite business

CNBC
Loading...
1 min read
0 likes
⚡ Quantum Brief
Amazon announced plans to acquire satellite communications firm Globalstar, strengthening its low-Earth orbit (LEO) satellite internet division amid intensifying competition with SpaceX’s Starlink. The deal, revealed Tuesday, marks Amazon’s latest strategic move to accelerate its Kuiper Project, a $10 billion initiative to deploy 3,236 LEO satellites for global broadband coverage. Globalstar’s existing satellite spectrum and infrastructure will provide Amazon immediate regulatory and operational advantages, reducing deployment timelines for Kuiper’s commercial launch. This acquisition escalates the space-based internet race, pitting Amazon directly against SpaceX, which already dominates with over 5,000 Starlink satellites in orbit. Analysts suggest the purchase could fast-track Amazon’s entry into the consumer satellite internet market, though financial terms and regulatory approval timelines remain undisclosed.
AI Audio Summary
0:00 / 0:00
Click to play
Generate images of quantum computing to be used as banner image for articles.jpg
Quantum News · Media Library

Amazon said Tuesday it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX. This is breaking news. Please refresh for updates.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by

Read Original

Tags

quantum-investment

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.