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Amazon reportedly in talks to acquire satellite firm Globalstar

Acquisition Telecom announced Apr 2, 2026

Amazon is reportedly engaged in lengthy discussions to acquire satellite company Globalstar, according to sources familiar with the deal cited by the Financial Times. This potential acquisition would significantly bolster Amazon's ambitions to compete with SpaceX's Starlink service in the satellite internet market. The talks are complicated by Apple's existing 20 percent stake in Globalstar, acquired in November 2024 for approximately $400 million, which also includes a $1.1 billion cash agreement for expanded iPhone satellite services. Globalstar currently operates a constellation of 48 first-generation LEO satellites and 24 second-generation spacecraft, with plans for a third-generation fleet to support Apple and a larger future constellation. Amazon itself is developing its own satellite internet constellation, Amazon Leo (formerly Project Kuiper), with over 200 satellites already in orbit.

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Deal Analysis

Amazon is reportedly in lengthy discussions to acquire satellite firm Globalstar, according to sources cited by the Financial Times. Globalstar currently operates 48 first-generation LEO satellites and 24 second-generation spacecraft, with plans for a third-generation fleet. Amazon itself is developing its own satellite internet constellation, Amazon Leo, with over 200 satellites already in orbit. The talks are complicated by Apple's 20 percent stake in Globalstar, acquired in November 2024 for approximately $400 million.
  • Amazon reportedly in talks to acquire Globalstar
  • Globalstar operates 48 first-generation LEO satellites and 24 second-generation spacecraft
  • Amazon Leo has over 200 satellites in orbit
  • Apple acquired a 20 percent stake in Globalstar in November 2024 for $400 million

Source Intelligence

KEY DETAILS

Globalstar currently operates a constellation of 48 first-generation LEO satellites and 24 second-generation spacecraft, with plans for a third-generation fleet to support Apple and a larger future constellation. Amazon itself is developing its own satellite internet constellation, Amazon Leo (formerly Project Kuiper), with over 200 satellites already in orbit. Late last year, it was reported that Globalstar was exploring the sale of the company, with SpaceX speculated as a prospective buyer. Globalstar provides connectivity services to more than 120 countries. Amazon Leo sought a 24-month extension to its satellite rollout due to launch shortages. The company had agreed to deploy 1,600 satellites by July 2026, half of its planned 3,236 satellite constellation. Failure to do so would risk losing its US Federal Communications Commission (FCC) license to operate the network. Earlier this month, Amazon called on the US FCC to reject SpaceX’s recent million-data-center-satellite proposal. Amazon described SpaceX’s plans as a “lofty ambition,” and a “speculative placeholder,” yet argued that it “risks real harm.” SpaceX is seeking to operate a constellation of up to 1 million Starlink satellites. Amazon said such a constellation would likely dim the visibility of stars on the surface of Earth.

Deal Size
Apple purchased the stake in November 2024 in an equity deal worth around $400 million.
PPA Details
As part of this agreement, Globalstar agreed to allocate 85 percent of its network capacity to Apple.
Financials
Apple purchased the stake in November 2024 in an equity deal worth around $400 million. It also agreed to give Globalstar $1.1 billion in cash to expand iPhone satellite services.
PARTIES MENTIONED IN SOURCE
A
Amazon buyer

"Amazon is reportedly looking to acquire satellite company Globalstar."

G
Globalstar seller

"Amazon is reportedly looking to acquire satellite company Globalstar."

A
Apple investor

"Apple’s 20 percent stake in Globalstar."

S
SpaceX competitor

"This potential acquisition would significantly bolster Amazon's ambitions to compete with SpaceX's Starlink service in the satellite internet market."

high quality Enriched Apr 2, 2026

Timeline

Announced
Apr 2, 2026
Signed
Closed

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