Amazon (AMZN) are in talks to buy satellite group Globalstar (GSAT) for USD 9bln in an effort to to rival Musk's Starlink, according to FT

Amazon's potential acquisition of Globalstar for USD 9 billion reflects a strategic move to enhance its competitive positioning against Musk's Starlink in the satellite internet sector. This deal could signify a broader consolidation trend in the tech industry and might yield implications for investor sentiment in both tech equities and related sectors, particularly in consumer discretionary and telecommunications.