Amazon Web Services has become one of roughly 23 participants in the open-source x402 protocol housed under the Linux Foundation, alongside Coinbase, Stripe, Microsoft, Google and American Express. The protocol revives the HTTP 402 status code for instant stablecoin settlements and has processed around 97 million transactions on Coinbase’s Base blockchain.

Amazon has entered discussions to acquire satellite internet operator Globalstar, aiming to strengthen its connectivity infrastructure and support global broadband services. The potential deal would expand Amazon’s Project Kuiper footprint and position it to challenge existing low-earth orbit providers.

By backing x402, Amazon diversifies AWS offerings into high-frequency, autonomous payment rails, while a Globalstar purchase would enhance its satellite network capabilities. These moves underscore a push into emerging fintech and space-based internet markets, with potential to generate new revenue streams and bolster competitive positioning.