Amazon is rumored to be pursuing an acquisition of satellite firm Globalstar to secure critical spectrum licenses. The move aims to bridge the gap between Amazon's current satellite deployment and SpaceX's dominant Starlink network.
- Rumored acquisition of Globalstar by Amazon
- Strategic focus on securing spectrum licenses in 120+ countries
- Amazon aims for 3,200 satellites to rival Starlink's 10,000+
- Globalstar shares rose 8% on the news
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