Amazon Agrees $11.6 Billion Globalstar Deal to Expand Satellite Business

The claim says that, according to the Financial Times, Amazon agreed to an $11.6 billion Globalstar deal that would strengthen Amazon’s low-earth-orbit satellite business as it competes with Starlink. The traced FT source supports that this was the cited original report, although the FT page could not be fetched directly in this run. Independent corroboration from "Amazon buys Globalstar for 11.6 billion: challenge to Starlink" explicitly states that Amazon is buying Globalstar for $11.6 billion and that the deal strengthens Amazon’s low-earth-orbit satellite network while it tries to catch up with Starlink. "Amazon reaches definitive merger deal with Globalstar with support for Apple devices" also reports a definitive merger agreement and ties it to Amazon’s low Earth orbit network. Because the core figures and competitive context are corroborated, the statement is likely true, with only moderate confidence because the FT page itself was not directly retrievable here.