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Amazon (NASDAQ:AMZN) is making a push deeper into the satellite space, and investors are paying attention.
Amazon’s $11.6 billion Globalstar acquisition targets rapid entry into direct-to-device satellite connectivity.
KEY POINTS
- Globalstar’s L and S band spectrum would reduce Amazon’s dependency on mobile network operator partnerships.
- The deal adds ~24 operational satellites and agreements for 50 more to Amazon’s existing constellation.
- GSAT’s Band 53 spectrum could enable Amazon to expand private 5G, drones, and robotics connectivity.
- Acquisition gives Amazon immediate access to Apple’s at-scale satellite-enabled iPhone and Watch services.
COMPANIES
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