US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar
The Federal Communications Commission cleared Amazon Leo's purchase of Globalstar for $11.5 billion. The acquisition supports Amazon's plans to build a satellite-based communications network to compete with SpaceX's Starlink service. The deal represents a major expansion of Amazon's capabilities into space-based infrastructure.
Key points
- Amazon acquires Globalstar for $11.5 billion with FCC approval
- Deal enables satellite-based communications network competing with Starlink
- Represents Amazon's expansion into space infrastructure
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