TechThe Information3h ago
What Amazon’s Globalstar Purchase Means for SpaceX
TL;DRAmazon bought satellite company Globalstar to compete with SpaceX's Starlink.
Why it matters: Amazon's move signals intensifying competition in satellite internet, affecting connectivity infrastructure and SpaceX's market dominance.
Every now and then we get a reminder that big tech’s pockets are as deep as the Mariana Trench. Amazon’s purchase of satellite firm Globalstar offers one of those reminders. Despite spending $200 billion this year on capital expenditures for its AI expansion and committing $50…
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