“Amazon to buy satellite firm Globalstar in $11.57 billion deal to take on Musk’s Starlink”
April 21, 2026
“Amazon.com said on Tuesday it will acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk’s Starlink…
Under the Amazon deal, the satellite firm’s shareholders can elect to receive either $90 in cash or 0.3210 shares of Amazon common stock for each Globalstar share they own, the companies said. Reuters calculated the deal value based on the $90 per-share price…”
https://finance.yahoo.com/sectors/technology/articles/amazon-signs-11-57-billion-120533254.html