The Age
·general
·2 hours ago
Amazon’s $16.3 billion deal amps up rivalry with Elon Musk
Amazon.com announced a $16.3 billion acquisition of Globalstar on Tuesday, intensifying competition with Elon Musk’s Starlink in satellite communications. The deal, expected to close in 2027, offers Globalstar shareholders a choice between cash and stock, representing a 117 percent premium over previous share values. Amazon's investment aims to establish direct-to-device satellite service by 2028.
Summary by Glance · The Age
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI