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.
PRE-MARKET AUSTRALIAN STOCKS NEWS: BHP Group (BHP AT) completed a USD 4.3bln silver streaming agreement with Wheaton Precious Metals
Israeli army detected missiles launched from Iran towards Israel, with defence systems working to intercept them
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
Iran Supreme Leader's advisor, Kamal Kharazi, was reportedly injured in US-Israeli attack on Tehran
NASA launches four astronauts on a lunar fly-around on the Artemis II mission in first crewed lunar voyage in more than 50 years
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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.
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