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Amazon Eyes $9B Globalstar Deal to Challenge Starlink

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Amazon is reportedly in talks to acquire satellite communications firm Globalstar in a deal valued at around $9 billion, as it accelerates efforts to compete in the low-Earth-orbit satellite market.

Globalstar, which provides voice, data and asset-tracking services through its satellite network, has seen its market value rise sharply over the past year. The potential acquisition would strengthen Amazon’s position in space-based connectivity as it expands its satellite initiative, known as Project Kuiper.

A key complication in the negotiations is Apple’s roughly 20% stake in Globalstar, requiring coordination between Amazon and Apple as part of any potential agreement.

The move is widely seen as a strategic push to rival Starlink, operated by SpaceX. Starlink currently leads the market with thousands of satellites in orbit and millions of global users.

Amazon has launched hundreds of satellites so far under its own program and aims to scale rapidly to serve enterprise, government and consumer markets. The company is seeking to close the gap with SpaceX as demand for global satellite internet and connectivity services continues to grow.

Discussions are ongoing, and no final agreement has been confirmed.

SpaceX in Talks with Saudi Fund for $5B IPO Investment

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SpaceX is reportedly in discussions with Public Investment Fund (PIF) over a potential $5 billion anchor investment ahead of its anticipated initial public offering.

The investment would help secure a cornerstone position for PIF in the IPO while limiting dilution of its existing stake, which is currently just under 1%. The talks are part of SpaceX’s broader effort to line up major institutional investors before launching what could become one of the largest IPOs in history.

The company is targeting a fundraising total of around $75 billion, a scale that would surpass previous landmark listings such as Saudi Aramco and Alibaba.

Led by Elon Musk, SpaceX has been actively gauging investor demand as it prepares for its market debut later this year. Anchor investors are expected to play a key role in stabilizing the offering and signaling confidence to broader markets.

The potential deal would further deepen ties between Musk’s business ecosystem and Saudi Arabia’s investment arm, which has already committed significant capital to related AI and technology initiatives.

While discussions are ongoing, sources indicate that no final agreement has been reached and terms remain subject to change.

SpaceX Joins Pentagon Drone AI Contest

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Elon Musk’s SpaceX and its subsidiary xAI are reportedly competing in a classified Pentagon challenge focused on developing voice-controlled autonomous drone swarm technology.

According to Bloomberg, the initiative is part of a $100 million prize competition launched in January that seeks to create systems capable of translating voice commands into digital instructions for managing multiple drones simultaneously.

The project aligns with the U.S. Defense Department’s broader strategy to accelerate domestic drone innovation and streamline development processes. The technology under consideration could play a role in future security applications, including protecting major events and critical infrastructure.

SpaceX’s participation follows its recent acquisition of xAI, combining aerospace engineering with advanced artificial intelligence capabilities ahead of the company’s planned IPO.

Major AI firms including OpenAI, Google, Anthropic and xAI previously secured Pentagon contracts worth up to $200 million each to advance AI adoption in defense systems.