Amazon, Apple, SpaceX in Satellite Scramble
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Amazon and Apple are reportedly in talks to buy Globalstar, a small telecom company with a satellite network. Amazon has been in talks for a while, but no price has been disclosed. Apple holds a 20% stake in Globalstar, and there are rumors of talks between Apple and Amazon. SpaceX also showed interest last year. The satellite market is heating up due to its potential in telecom, defense, and AI. Investor frenzy caused a stock surge, but its speculative. Keep an eye on these tech giants as they reshape the skies for future innovations.
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