Amazon Acquires Globalstar for $11.57B to Boost Satellite Capabilities
Amazon has agreed to acquire satellite communications provider Globalstar, which powers Apple's Emergency SOS feature, in a $11.57 billion cash deal.
Amazon has announced that it will acquire Globalstar, a leading satellite communications company, in a cash deal worth $11.57 billion. Globalstar is known for powering Apple's Emergency SOS feature, which allows iPhone users to connect to satellites and call for help in remote areas without cellular coverage.
The acquisition is a strategic move by Amazon to bolster its satellite and connectivity capabilities, further expanding its presence in the burgeoning space technology sector. Globalstar operates a network of low-Earth orbit satellites, providing reliable and secure global communications services to a wide range of industries, including maritime, aviation, and remote enterprise applications.
{{IMAGE_PLACEHOLDER}}Source: TechCrunch
