Amazon Globalstar Deal Fails to Solve Launch Shortage
Analysts say Amazon's Globalstar deal will not fix the launch shortage for its satellite network. The firm has deployed 243 of its 3,236 planned satellites.
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AMAZON.COM INC has entered into an $11.6 billion agreement to acquire GLOBALSTAR INC, a strategic move intended to bolster its satellite and wireless capabilities. While the deal provides the e-commerce giant with critical airwaves, analysts suggest it will not resolve the underlying shortage of rocket launches that has slowed the company's efforts to compete with SpaceX's Starlink network.
