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.

Disclaimer:

● Initial 3 week subscription and 4 weeks of medication from $79 plus tax and $179 per month plus tax for 12 week subscription thereafter. Final pricing depends on program selection.
● Noom GLP-1Rx Program involves healthy diet, exercise and support. Individual results vary. Meds & personalization based on clinical need. Not reviewed by FDA for safety, efficacy, or quality. No affiliation with Novo Nordisk Inc., the only US source of FDA-approved semaglutide. Not available in all 50 US states
● Based on an analysis of self reported data from 1,254 engaged Noom users.