Leo, with around 200 satellites in orbit, is aiming to challenge Musk’s SpaceX, which operates the Starlink service of 10,000 satellites [File]

Leo, with around 200 satellites in orbit, is aiming to challenge Musk’s SpaceX, which operates the Starlink service of 10,000 satellites [File]
| Photo Credit: REUTERS

Amazon said Tuesday that it had signed a deal to buy the U.S. telecoms satellite group Globalstar to expand its own space-based internet network and compete with Elon Musk’s Starlink.

Amazon said it would make a cash-and-stock offer worth $90 to shareholders in Globalstar, which has a market value of around $9 billion, according to a Financial Times report this month flagging the deal.


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