Amazon has announced it will acquire Globalstar, a satellite rival to Elon Musk's Starlink, for $11.57 billion. The acquisition will bolster Amazon's satellite business as it aims to catch up with Starlink's 10,000-unit-strong network. The deal will add Globalstar's two dozen satellites to Amazon's existing network of more than 200. Amazon has been working to increase its network by deploying about 3,200 satellites in Earth’s low orbit by 2029, with roughly half required to be in place by a July regulatory deadline. Meanwhile, Starlink already serves over nine million users globally and contributes roughly 50% to 80% of revenue generated by SpaceX.