Amazon (AMZN) nears Globalstar deal to rival SpaceX Starlink

AI Summary

Amazon (AMZN) is reportedly in advanced discussions to acquire Globalstar, which could position it as a competitor to SpaceX's Starlink satellite internet service. This acquisition would enhance Amazon's capabilities in the satellite communications sector. Pending details of the deal have yet to be disclosed, including financial terms. The move aligns with Amazon's continued investments in technology and infrastructure to bolster its market presence in broadband services.