Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple’s “Emergency SOS” feature, for $11.57 billion in cash.
Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple’s “Emergency SOS” feature, for $11.57 billion in cash.
The company’s novel rocket engine could be a game changer for the U.S. military.
Glen Anderson, president of Rainmaker Securities, says the secondary market for private shares has never been more active — with Anthropic the hottest trade around, OpenAI losing ground, and SpaceX’s looming IPO poised to reshape…
Next time around, the pressure will be on SpaceX and Blue Origin.
The company has also lined up an unusually large number of 21 banks to manage the mega IPO, internally codenamed “Project Apex.”
All but two of Musk’s 11 xAI co-founders departed before this week.
The company’s first demonstration mission is expected in early 2027.
Elon Musk’s company town already has a volunteer fire department, and is forming a Starbase Police Department. Now it wants its own court, too.
“I think we’re the only quote-unquote manufacturing company out there that has H200 clusters in a data center on site.”
Mesh aims to mass-produce optical transceivers for AI data centers.