Amazon (AMZN.US) reportedly plans a $9 billion acquisition of Globalstar (GSAT.US) to challenge SpaceX, with Apple holding a 20% stake as the biggest variable
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This potential deal is estimated to be valued at up to 9 billion USD. Against the backdrop of an increasingly fierce global competition in low Earth orbit satellite internet, the market generally regards this move as a key accelerator for Amazon's "Leo" (formerly known as "Project Kuiper").
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