Amazon is currently negotiating to acquire Globalstar, a satellite telecommunications group founded in 1991, as part of its strategy to establish a low-Earth orbit satellite business. This move is seen as a direct challenge to SpaceX's Starlink, which currently dominates the market for satellite-based internet services. Negotiations are reportedly complex due to Apple's ownership of a 20% stake in Globalstar, requiring Amazon to engage with Apple as well. Although discussions are ongoing, no deal has been finalized, and the situation remains fluid. Globalstar has seen its market capitalization rise to about $9 billion, with its stock price increasing by 230% over the past year, fueled by speculation surrounding potential acquisitions. The company has attracted interest from multiple parties looking to develop their own satellite constellations.