Amazon sizing up deal for Globalstar

Amazon is reportedly in talks to acquire Globalstar for approximately $9 billion, a move that would significantly bolster Amazon's satellite ambitions. The deal, if consummated, would provide Amazon access to a key customer in Apple and support its plans for direct-to-device (D2D) services. Globalstar currently operates 24 LEO satellites, largely focused on its D2D emergency texting service for iPhones, and is developing its next-generation C-3 platform. The transaction is still negotiating complexities, including Apple's 20% stake in Globalstar, and talks could still collapse.

Counterparts (2)

Seller

Globalstar

company

Globalstar is an international telecom infrastructure provider and technology disruptor offering satellite and terrestrial connectivity services. They provide solutions for asset tracking, personnel safety, emergency communications, and data management, serving industries like government, transportation, energy, and agriculture.

Buyer

A

Amazon

company · 5 deals

Amazon is actively investing in renewable energy to power its operations, both through direct acquisitions and power purchase agreements. They are expanding their portfolio with solar-plus-storage and nuclear energy in the US. Furthermore, Amazon is collaborating with energy companies and acting as an offtaker for renewable energy projects in Europe, including wind power in Poland and broader renewable energy initiatives in France.