Amazon is in discussions to acquire Covington, Louisiana-based Globalstar, aiming to challenge SpaceX's Starlink service. Globalstar, valued at $8.81 billion, specializes in low-earth-orbit satellite communications for various markets. Apple's 20% stake complicates negotiations. Amazon's Project Kuiper involves 3,200 satellites and already has 180 in orbit, targeting nine million users like Starlink.
SpaceX seeks to list on the U.S. stock market, potentially valuing the company at $1.75 trillion, largely due to Starlink’s success among individuals, businesses, and government sectors.