Reuters reports Amazon's satellite arm seeks to build a communications network to compete with SpaceX's Starlink.
Reuters reports that the FCC approved Amazon Leo's $11.5 billion deal to acquire Globalstar. Amazon's satellite arm is seeking to build a communications network to compete with SpaceX's Starlink.
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@ReutersUS agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar https://reut.rs/3U5tKkh
@moneyfinance33Amazon's $11.57B Globalstar deal just cleared the FCC, giving Leo 25 MHz of spectrum and a real satellite network. Q3 earnings land tomorrow after the close. $AMZN https://wncy.com/2026/10/27/us-agency-approves-amazon-leos-11-5-billion-acquisition-of-globalstar/@ReutersUS agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar https://reut.rs/3U5tKkh@moneyfinance33Amazon's $11.57B Globalstar deal just cleared the FCC, giving Leo 25 MHz of spectrum and a real satellite network. Q3 earnings land tomorrow after the close. $AMZN https://wncy.com/2026/10/27/us-agency-approves-amazon-leos-11-5-billion-acquisition-of-globalstar/
