Amazon Takes Over Globalstar, Buys Out Apple’s Share!

Hold onto your controllers, folks, because the tech world just saw a massive shake-up! Amazon, the retail and cloud giant, is reportedly on the verge of a colossal $11 (approx. Rs 3,080) billion acquisition. Their target? Satellite communication powerhouse, Globalstar.

But here’s where it gets even more interesting for Apple fans: this whopping deal also includes Amazon buying out Apple’s significant 20% stake in Globalstar. You might remember Apple had a substantial commitment with Globalstar back in 2024, pouring in $1.1 (approx. Rs 310) billion, which included a $400 (approx. Rs 112,000) million share purchase. For those of you relying on your iPhones for satellite connectivity in remote areas, don’t fret – this move is expected to keep things running smoothly and stably.

So, why the big purchase? It’s clear Amazon is seriously upping its game in the satellite internet arena. This acquisition is a major step in expanding their already ambitious plans for space-based communication, promising an even more robust future for satellite services.

While this might seem like pure business news, massive tech acquisitions like these often have ripple effects across the digital landscape. A stronger satellite infrastructure could, down the line, mean better overall connectivity, which is always good news for gamers, streamers, and anyone who loves staying online. It’s fascinating to watch these tech titans battle it out for the future of global communication!

Note: PKR figures are approximate, based on a rate of Rs 280.00 per USD. Exchange rates fluctuate — please check the latest dollar rate for exact pricing.