Search results for Globalstar
Telecommunications & Media
Rocket Lab to buy satellite communications company Iridium for $8 billion, challenge SpaceX
Rocket Lab has agreed to acquire satellite communications company Iridium Communications for $8 billion, the Wall Street Journal reported on June 29. The move aims to secure a satellite network and global spectrum assets to compete with SpaceX. Rocket Lab said it will combine its launch and satellite manufacturing capabilities with Iridium’s service reach and spectrum holdings, and develop next-generation satellites to replace Iridium’s current constellation.
AI & Enterprise
AWS first-quarter revenue up 28 percent, fastest growth in over three years
Amazon posted first-quarter revenue of $181.5 billion, up 17 percent from a year earlier, and net profit of $30.3 billion, up 77 percent, topping market expectations, the Wall Street Journal reported. AWS revenue rose 28 percent to $37.59 billion, making up about 21 percent of total revenue. Amazon forecast second-quarter revenue of $194 billion to $199 billion and operating profit of $20 billion to $24 billion.
Crypto
BTCC lists SpaceX-linked perpetual futures with up to 50 times leverage
Crypto exchange BTCC has launched a perpetual futures product linked to SpaceX pricing, listing the SPACEXUSDT contract in its tokenised stocks section with up to 50 times leverage. The move targets retail demand for exposure to major private companies. BTCC said early trading demand for traditional-market themed products has been strong and stressed SPACEXUSDT has sufficient liquidity. It is also running promotions, while warning that leverage can amplify both gains and losses.
