According to CoinMeta, as reported by ITHome, the Federal Communications Commission (FCC) of the United States approved on October 27th the acquisition of Apple's satellite supplier Globalstar by Amazon's satellite business Amazon Leo for $11.5 billion. This acquisition will enable Amazon to obtain approximately 24 satellites and mobile satellite communication spectrum, with plans to deploy thousands of satellites in low Earth orbit by 2029. Amazon has committed to investing over $10 billion in Leo and aims to launch commercial satellite communication services by the end of 2026. FCC Chairman Brendan Carr stated that this asset integration will promote market competition and help communities across the United States maintain uninterrupted communications.