Amazon to Acquire Globalstar for $11.6 Bn to Advance Satellite Internet Ambitions

Amazon has agreed to acquire Globalstar in an $11.6 billion deal, marking a major expansion of its satellite internet ambitions. The transaction values Globalstar at $90 per share, a 23% premium to its last unaffected closing price, and is expected to close in 2027 pending regulatory approvals and infrastructure upgrades.

Globalstar operates a network of low-Earth orbit satellites that deliver wireless connectivity in remote areas, enabling direct connections through smartphones and other devices. Its system routes data through ground gateway stations, which relay traffic to terrestrial internet networks using CDMA technology to efficiently manage multiple users on shared frequency bands.

The company recently commissioned 48 new satellites, incorporating beamforming technology to improve signal strength and connection speeds. Much of this expansion has been supported by Apple, which invested $1.5 billion and relies on Globalstar’s network to power its Emergency SOS feature on iPhones and Apple Watch devices.

“By combining Globalstar’s proven expertise and strong foundation with Amazon’s customer-obsession and innovation, customers can expect faster, more reliable service in more places—keeping them connected to the people and things that matter most. We’re excited to support Apple users through the Leo D2D system, and look forward to working with mobile network partners to help extend coverage to every corner of the planet,” Panos Panay, Amazon SVP, Devices & Services, said.

“For more than 30 years, Globalstar has executed on this vision through sustained, long-term investment in technological innovation, operational excellence, and development of globally harmonized spectrum across both satellite and terrestrial applications. The combination with Amazon Leo will advance innovations in digital connectivity that will benefit our customers and advance us toward a more intelligent, continuously connected world,” said Paul Jacobs, Globalstar CEO.

Amazon confirmed that Globalstar will continue supporting Apple’s services post-acquisition while also collaborating on new offerings tied to its own satellite network, known as Amazon Leo. The constellation currently includes more than 200 satellites and is set to expand significantly in the coming years.

The deal also provides Amazon with valuable spectrum licenses and ground infrastructure, critical for enabling direct-to-device connectivity. The company plans to launch its own direct satellite internet service by 2028, aiming to connect hundreds of millions of devices globally.