Amazon is now said to be interested in acquiring the popular satellite communications company, Globalstar, thus strengthening their position in the satellite-based services arena. For your information, Amazon itself is ready to develop their own satellite-based internet service called Leo, and if this acquisition is successful, it will make Amazon's offering a good competitor to Starlink.
Currently, it is said that discussions are in progress. However, one of the factors that may complicate this process is Apple's 20% stake in Globalstar. At the same time, Amazon is seen as still far behind in launching satellites to strengthen Leo services, and if they acquire Globalstar, they will receive access to various satellites faster, and expand Amazon Leo services more widely and faster.
Previously, it was also said that SpaceX has also held talks to acquire Globalstar. According to estimates last year, Globalstar is seen as likely to reach a sales price of more than $10 billion. Amazon and Globalstar did not issue any comments regarding this new report.
