Bezos-founded companies are pushing ahead in satellite connections and rocket launches, businesses that Musk's SpaceX has long dominated.
Amazon is taking on SpaceX's Starlink in new $11.57 billion satellite partnership with Globalstar. 🛰️
I've been following Peter Diamandis's commentary on AI infrastructure for the better part of two years now, and his recent observation on the "Moonshots with Peter Diamandis" podcast (EP 246) is stunningly accurate. His co-host laid it out: "every chip that's coming out is getting used instantaneously. There is not an idle memory or processing... "Every Chip Is Getting Used Instantly" - Here's Why Google's AI Dominance May Be Unstoppable
Amazon (AMZN +3.83%) unveiled ambitious plans that excited investors about its future.
With a SpaceX IPO pending, Amazon's Globalstar move spotlights its push to fuse satellite connectivity with AI-powered cloud services, today, April 14, 2026.
Amazon has acquired satellite service provider Globalstar in its plan to provide connectivity services in 2028.
Amazon needs Globalstar's help to take on SpaceX's Starlink. Apple is set to be a major customer.
Amazon.com's latest acquisition of a satellite operator has helped power a winning streak for the tech giant, as shares of the company rallied for the seventh consecutive day on Tuesday.
Amazon.com, Inc. remains a Strong Buy as its massive CapEx is building high-return assets, not liabilities, with robust customer commitments supporting future AWS monetization. AMZN's capital allocation track record, including disciplined acquisitions and ecosystem expansion into chips and satellites, reinforces confidence in management's growth strategy. AMZN stock's forward P/E of 30x and P/OCF of 15x for 2026 suggest undervaluation given expected cash flow growth and margin expansion, supporting a compelling long-term FCF yield.
Bloomberg's Caroline Hyde and Ed Ludlow discuss Amazon's plan to buy satellite operator Globalstar in a $11.6 billion deal. Plus, Lucid's New Incoming CEO Silvio Napoli discusses the company's fresh injection of capital and deeper robotaxi push.