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Amazon’s $11B Acquisition in the Race to Space

chamath.substack.com · 441 words · saved by 1 readers

A summary of the interesting content that I consumed this past week…

What I Read This Week: a summary of the content that I consumed this past week… Caught My Eye… 1) Amazon’s $11B Globalstar Deal in the Race to Space On April 14, Amazon agreed to buy Globalstar for $90 a share, $11.57B in total. Globalstar is a leading mobile satellite service (MSS) operator founded 35 years ago. As part of the deal, Amazon will acquire the satellite operations, infrastructure, and the spectrum licenses. In combination with Amazon’s satellite internet service, Leo (previously Project Kuiper), this will enable global coverage, even in more remote areas and between…

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