Amazon to Acquire Globalstar in $11.6 Billion Satellite Connectivity Push
April 14, 2026
Amazon announced it entered into a definitive agreement to acquire Globalstar for about $11.57 billion (around $90 per share) in a cash-and-stock deal. The acquisition adds Globalstar’s satellite infrastructure, spectrum licenses, and mobile satellite services capabilities to Amazon’s Amazon Leo low Earth orbit network, with Amazon planning to launch direct-to-device services starting in 2028.
- Buyers
- Amazon.com, Inc., Apple Inc.
- Targets
- Globalstar, Inc.
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Buyout
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