Space Race Acquisition
Amazon's dropping $10.8 billion on Globalstar to beef up its Leo satellite network and challenge Starlink — and Apple's along for the ride. Plus, federal charges for the Sam Altman attacker, OpenAI acqui-hires a fintech startup, Google declares war on back button hijacking, data labeling startups are printing money, and Missouri voters revolt over a data center.
- Amazon agrees to acquire satellite operator Globalstar for $10.8B to expand Leo satellite network; Amazon and Apple say Leo will power some iPhone and Watch services (Amazon)
- Amazon to Acquire Globalstar in Satellite Cellular-Connection Push (WSJ)
- US DOJ charges Daniel Moreno-Gama, accused of throwing a Molotov cocktail at Sam Altman's home, with attempted murder and arson (CNN)
- Man who attacked OpenAI CEO's home had list of other AI executives (NYT)
- OpenAI acquires personal finance startup Hiro Finance (TechCrunch)
- Google designates "back button hijacking" as malicious, sites could be demoted in Search from June 15 (9to5Google)
- Data labeling startup Handshake's gross annualized revenue hits ~$1B; Mercor also at $1B+ pace (The Information)
- Voters in Festus, Missouri oust all four incumbent council members days after council approved a $6B data center (Politico)
Learn more at liquid.trade/techbrew.
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