The e-commerce giant is buying Globalstar, a satellite communications company, as it aims to expand its own satellite internet service to compete with Elon Musk’s Starlink.
Business
·
Amazon Buys Globalstar for $10.8 Billion, Movingto Expand Its Satellite Internet Service
CN
CitrixNews Staff
Originally reported by New York Times
Related Articles
Business
Hotels have a big World Cup problem: Bookings are running far below projections
Hotels have a big World Cup problem: Bookings are running far below projections May 4, 20265:56 PM ET By Rafael...
CitrixNews Staff
·
2 hours ago
Business
Amazon Expands Logistics Arm to Outside Companies
The company said that its shipping, fulfillment and delivery services would be offered to other businesses. Several larg...
CitrixNews Staff
·
2 hours ago
Business
Paramount earnings, revenue beat expectations as streaming business offers a boost
Paramount Skydance topped Wall Street's revenue and earnings estimates for the first quarter on Monday, as the medi...
CitrixNews Staff
·
3 hours ago
Business
Spirit Airlines CEO on carrier's collapse: 'We just kind of ran out of runway'
Spirit Airlines struggled for years, battered by larger, cash-rich airlines that copied its business model, failed merge...
CitrixNews Staff
·
4 hours ago