Reports indicate that Amazon is set to acquire the communications operator Globalstar at a price of $90 per share, with the transaction anticipated to be finalized by 2027. From 2028 onwards, Amazon's Low Earth Orbit initiative will roll out its proprietary next-generation direct-to-device satellite system. This move is aimed at bolstering Amazon's satellite internet infrastructure and positioning it as a formidable competitor to SpaceX's Starlink in the market.
