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Amazon Acquires Globalstar for $11.6 Billion to Boost Satellite Services

4/16/2026

25 6 Full Breakdown

Summary

Story summary

Amazon.com, Inc. has announced its acquisition of Globalstar, Inc. for about $11.6 billion to expand Amazon Leo.
The deal expands coverage beyond terrestrial networks and positions Amazon to compete with SpaceX's Starlink.
Globalstar shareholders may choose between cash or Amazon shares.
The transaction is expected to close in 2027, pending regulatory approvals, with Apple and mobile operators expanding satellite services worldwide.

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Story summary

Amazon.com, Inc. has announced its acquisition of Globalstar, Inc. for about $11.6 billion to expand Amazon Leo.
The deal expands coverage beyond terrestrial networks and positions Amazon to compete with SpaceX's Starlink.
Globalstar shareholders may choose between cash or Amazon shares.
The transaction is expected to close in 2027, pending regulatory approvals, with Apple and mobile operators expanding satellite services worldwide.