Search results for Globalstar
Telecommunications & Media
Amazon plans to deploy 5,105 satellites, takes aim at SpaceX\'s home turf
Amazon is moving to build a new satellite network that provides services directly to mobile phones. Foreign media reports said Amazon applied to the U.S. Federal Communications Commission for permission to operate 5,105 satellites and plans to begin launches from 2028. The filing follows Amazon\'s acquisition of Globalstar\'s satellite business unit and outlines plans to use Globalstar spectrum and integrate services with Amazon\'s low-Earth-orbit broadband constellation, Leo. The move sets up broader competition with SpaceX.
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.
