Amazon agreed to acquire satellite communications company Globalstar for $10.8bn, a major strategic move to accelerate Project Kuiper and sharpen its challenge to Elon Musk’s Starlink. The deal gives Amazon control of Globalstar’s satellites, spectrum and network infrastructure, strengthening its position in the fast-growing market for low-earth-orbit broadband. For CEOs and boards, the transaction signals that space-based connectivity is becoming a serious competitive battleground, with implications for consumer internet, enterprise services and government contracts. It also shows Amazon’s willingness to use large-scale M&A to close capability gaps in a market where Starlink has already built a meaningful lead. Beyond telecoms, the acquisition underscores how big technology groups are expanding into infrastructure-heavy adjacencies to secure long-term growth, strategic control and new revenue pools.
