Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple's "Emergency SOS" feature, for $11.57 billion in cash.

Apple's smart investment in Globalstar now stands to yield a sizable return, while allowing for a significant expansion in the iPhone's satellite-based connectivity features further down the line, courtesy of the $11.5 billion acquisition deal between Amazon and Globalstar. Apple will not only recoup its investments in Globalstar and then some, but also benefit from the upcoming expansion in Amazon's Leo-branded constellation of satellites For the benefit of those who might not be aware, Apple acquired a 20 percent stake in Globalstar back in 2023 for $400 million, while also committing to injecting $1.1 billion in cash-based liquidity to expand […]

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