Amazon seeks federal approval to launch 5,105 satellites for direct-to-device network
Reported by CNBC · cnbc.com · July 27, 2026
The proposed network will partly rely on assets from Globalstar, which Amazon announced plans to acquire in April for roughly $11.6 billion.
What the tape says
What to watch: Amazon.com Inc. (AMZN) is involved in M&A activity valued around $11.6 billion — deal terms and financing structure matter more than the headline here.
Market reaction today: $AMZN +1.33%
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