- Entry
- $249.02
- Final
- $246.40 -1.1%
- Target
- —
- Score
- -0.11
[Apple and Amazon are teaming up to challenge Starlink’s smartphone ambitions | The Verge](https://www.theverge.com/tech/911617/amazon-globalstar-apple-iphone-watch-satellite-internet) Amazon has [made a deal](https://www.aboutamazon.com/news/company-news/amazon-globalstar-apple) to buy Globalstar’s low-Earth orbit satellite network for $11.57 billion, snapping up its spectrum licenses, operations, and assets to combine with its upcoming Leo internet satellite constellation. Apple [owned 20 percent](https://www.theverge.com/2024/11/1/24285347/apple-globalstar-investment-expansion-emergency-sos-satellite) of Globalstar, and as a part of the deal, Amazon will continue to support satellite services like Emergency SOS for iPhones and Apple Watches, and develop future services that connect …
— ORIGINAL POST ·
Apple and Amazon partner up with $AMZN Leo to power all Apple Iphones from 2027
· r/wallstreetbets
· Apr 15, 2026