FCC approves Amazon Leo's $11.5 billion Globalstar deal
In short
The Federal Communications Commission approved Amazon Leo's $11.5 billion deal to buy Globalstar on Tuesday. Amazon's satellite arm wants to build a satellite network that can compete with SpaceX's Starlink.
This matters because the deal could help Amazon expand in satellite communications. The reporting does not say when the purchase will close or what other approvals are still needed.
What the reporting says
The Federal Communications Commission approved Amazon Leo's $11.5 billion acquisition of Globalstar on Tuesday, according to the reporting. The deal supports Amazon's satellite arm as it works to build a satellite-based communications network to compete with SpaceX's Starlink unit. The reporting does not say when the transaction will close or whether other approvals are still needed.
Why it matters
The Federal Communications Commission approved Amazon Leo's $11.5 billion acquisition of Globalstar on Tuesday. The deal gives Amazon's satellite arm a clearer path to build a satellite-based communications network aimed at competing with SpaceX's Starlink unit. The reporting does not state the closing timeline or whether any other regulatory steps remain, so the next milestone is still uncertain.