Apple and Amazon are teaming up to challenge Starlink’s smartphone ambitions
Amazon has made a deal to buy Globalstar's low-Earth orbit satellite network for $11.57 billion, snapping up its spectrum licenses, operations, and assets to combine with its upcoming Leo internet satellite constellation. Apple owned 20 percent of Globalstar, and as a part of the deal, Amazon will continue to support satellite services like Emergency SOS […]
Key Points
- Amazon has made a deal to buy Globalstar's low-Earth orbit satellite network for $11.57 billion, snapping up its spectrum licenses, operations, and assets to combine with its upcoming Leo internet satellite constellation.
- Apple owned 20 percent of Globalstar, and as a part of the deal, Amazon will continue to support satellite services like Emergency SOS […].
Full Details
Amazon has made a deal to buy Globalstar's low-Earth orbit satellite network for $11.57 billion, snapping up its spectrum licenses, operations, and assets to combine with its upcoming Leo internet satellite constellation. Apple owned 20 percent of Globalstar, and as a part of the deal, Amazon will continue to support satellite services like Emergency SOS […]
Why It Matters
Tech & AI story from The Verge. Click Enrich in admin for detailed analysis.
Get stories like this delivered daily
AI-curated news, personalized to your interests. Zero noise.
Start 7-Day Free Trial →More in Technology & Startups
Loop Raises $95M Series C to Expand AI Supply Chain Platform
San Francisco-based Loop has raised $95 million in Series C funding to expand its AI-powered supply chain management platform and grow its team.
Tesla brings its robotaxi service to Dallas and Houston
Tesla is expanding its robotaxi service to Dallas and Houston, according to a social media post from the company. The post says simply that “Robotaxi is now rolling out in Dallas & Houston 🤠” and includes a 14-second video showing Tesla vehicles driving without human monitors or drivers in the front seat. The company now […]
The RAM shortage could last years
According to Nikkei Asia, even as suppliers ramp up DRAM production, manufacturers are only expected to meet 60 percent of demand by the end of 2027. SK Group chairman has even said that shortages could last until 2030. The world's largest memory makers - Samsung, SK Hynix, and Micron - are all working to add […]
AI chip startup Cerebras files for IPO
Cerebras Systems, an AI chip maker founded in 2016, filed its S-1 for an IPO in mid-May 2026, marking its second attempt after a 2024 filing was withdrawn amid a U.S. security review of a UAE-based investment. The 2025 filing shows revenue of $510 million, up 76% year-over-year, with a net income of $237.8 million (though non-GAAP recorded a loss of $75.7 million). The company is backed by a $1 billion Series H round valuing it at $23 billion and has a $24.6 billion order backlog, primarily from