Satellite Communications
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Amazon Eyes Globalstar Acquisition, Stock Soars 15%
Amazon is reportedly in advanced talks to acquire satellite communications provider Globalstar. The deal would significantly boost Amazon’s Project Kuiper satellite internet venture, potentially providing a shortcut to compete with rivals like SpaceX’s Starlink. The acquisition faces complexities, including Apple’s existing 20% stake in Globalstar, used to enhance its emergency satellite services for iPhones. This potential acquisition signals a dynamic shift in the satellite internet market.
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Aalyria, Google Spinout, Hits $1.3 Billion Valuation in $100 Million Funding Round
Aalyria, a Google-incubated startup, has secured $100 million in funding, achieving a $1.3 billion valuation. This capital infusion fuels its advanced software and laser communication systems designed to optimize satellite networks for government and commercial use. The investment reflects growing demand for resilient, high-speed connectivity, especially amidst increased defense spending and the expanding satellite communications market. Aalyria aims to use the funds for product development and operational expansion.