Amazon to buy Globalstar for $11.6 billion to take on Musk's Starlink

Amazon has announced a deal to acquire satellite company Globalstar, known for powering Apple's 'Emergency SOS' feature on iPhones, for $11.57 billion. The deal will enable Amazon Leo, a rival of Elon Musk's satellite internet service Starlink, to add direct-to-device services to its low Earth orbit satellite network. Amazon Leo is expected to launch its services in mid-2026.