Amazon is trying to buy Globalstar to compete with SpaceX's Starlink
Apple invested $1.5 billion in Globalstar in 2024, taking a 20 percent stake in the company. Globalstar reported full-year revenue of $273 million in its latest annual results, a 9 percent increase from 2024.
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Amazon plans to have about 700 satellites in space by the middle of this year but has said that a launch capacity shortage is hampering the build-out of its service, according to regulatory filings. One complicating factor has been Apple’s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said.Ars Technica