6 hours ago - Business
Amazon buying Globalstar, to rival SpaceX's Starlink
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Amazon is getting deeper into the space race, on Tuesday agreeing to buy satellite-based telecom company Globalstar for around $11.6 billion.
Why it matters: This is an effort to compete with SpaceX's Starlink, just months before SpaceX is expected to launch the largest IPO ever.
Zoom in: Globalstar shareholders can choose either $90 per share in cash, or a portion of Amazon stock whose value is capped at $90 per share.
