Officially: Amazon $AMZN acquires $GSAT in a deal worth $11.57 billion to compete with @Starlink



Acquisition value = $90 per share ( paid to shareholders in cash or exchanged for 0.3210 Amazon shares )

The goal is to strengthen Amazon's Project Kuiper satellite network to counter Elon Musk's dominance (Starlink currently owns 10,000 satellites and serves 9 million users )

Additionally, Amazon signed a parallel agreement with Apple to ensure the continued operation of space emergency services (Emergency SOS) for iPhones and Apple Watches (Apple previously invested $1.5 billion in ‎$GSAT)
Closing of the deal is expected in... 2027
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