Amazon Acquires Globalstar for $11.5 Billion in Space Push

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Published: 3 hours ago

Amazon announced acquisition of satellite company Globalstar for $11.5 billion, approximately $90 per share. The deal intensifies competition with SpaceX's Starlink in low-earth orbit communications. The acquisition may support USD strength through increased tech sector investment and Amazon's expansion into space infrastructure. However, the impact on major forex pairs is likely limited as this represents strategic positioning rather than immediate revenue impact.

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