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Amazon’s $11B Globalstar Deal Fuels Project Leo’s Pursuit of Starlink’s Contrails
Summary by thedailyupside.com
1 Articles
1 Articles
Amazon’s $11B Globalstar Deal Fuels Project Leo’s Pursuit of Starlink’s Contrails
The billionaires are at it again, as Elon Musk’s Starlink and Jeff Bezos-owned Amazon Leo battle for satellite dominance in the stars. Starlink is light-years ahead of Amazon’s Project Leo (an acronym for low Earth orbit), previously Project Kuiper. But Leo’s preparing to pounce, last week announcing an agreement to buy Globalstar for a whopping $11.6 billion. The transaction’s expected to close next year. Globalstar has only 24 satellites in o…
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