Amazon to acquire Globalstar for $11.57 billion to bolster Amazon Leo satellite network

Amazon agreed to acquire satellite operator Globalstar in a $11.57 billion cash deal, valuing Globalstar shares at $90 each. The acquisition includes Globalstar's satellites, radio frequency spectrum, and operational expertise to enhance Amazon's Amazon Leo low Earth orbit (LEO) satellite network. As part of the agreement, Amazon and Apple formalized a partnership where Amazon Leo will power satellite services for iPhone and Apple Watch, including Emergency SOS via satellite. Apple, which already holds a 20% stake in Globalstar acquired in November 2024 for $400 million, agreed to provide Globalstar with $1.1 billion in cash to expand iPhone satellite services. Globalstar committed to allocating 85% of its network capacity to Apple under this deal.

Counterparts (4)

Partner

Apple

company

Apple's infrastructure investments primarily focus on powering its operations with renewable energy and ensuring efficient data center operations. The company is committed to carbon neutrality across its entire value chain by 2030, driving investments in renewable energy projects globally.

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.

parent_company

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.

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.