Satellite backhaul service Globalstar has a new, rich owner amid challenging market conditions
Globalstar, a mobile satellite services (MSS) operator in which Apple has a 20% stake, on Tuesday announced a merger agreement with Amazon, which, pending regulatory approval, could soon bring direct to device services (D2D) services to Leo, the latter’s low Earth orbit satellite network. The deal, worth an estimated $11.6 billion, is an indication that the so-called new space race,…
