Amazon Acquires Globalstar to Challenge Starlink's Satellite Dominance

Amazon is aggressively expanding its orbital infrastructure through the acquisition of Globalstar, a move that has sent the satellite company's shares toward an 18-year peak. The deal marks a significant pivot for Amazon as it seeks to establish a robust footprint in the satellite internet sector. The acquisition is widely viewed as a strategic strike against SpaceX's Starlink, which currently dominates the low-Earth orbit (LEO) satellite internet market. By integrating Globalstar's existing capabilities, Amazon aims to accelerate its own satellite ambitions and provide a viable alternative to Musk's network. Market reaction has been immediate and intense. Globalstar's stock has seen an extraordinary rally, quadrupling in value over the past 12 months as anticipation of the deal grew. The stock is now trading at levels not seen in nearly two decades. This consolidation suggests a shift toward a high-stakes duopoly in the satellite internet space. The move is expected to increase capital expenditure competition between the world's largest tech entities while potentially expanding global access to high-speed connectivity.