Amazon enters the space race
The ecommerce giant has agreed an $11.6bn deal to acquire satellite group Globalstar
The ecommerce giant has agreed an $11.6bn deal to acquire satellite group Globalstar

Deal will bolster tech group’s efforts to challenge Elon Musk’s Starlink with its own low Earth orbit satellite business

Ecommerce giant is trying to catch up with SpaceX’s low Earth orbit internet service

Federal Aviation Administration forces Jeff Bezos’s space venture to halt operations of flagship New Glenn

Elon Musk and Jeff Bezos’s commitment to putting data centres in space boosts fortunes of smaller players

Deal follows pressure from regulators and is expected to help Starlink expand

EchoStar has gone from the brink of bankruptcy, to a way of betting indirectly on the world’s biggest ‘unicorn’