Amazon Acquires Globalstar for $11.5 Billion to Expand Satellite Internet Services
Amazon has acquired Globalstar for $11.57 billion in cash and stock to accelerate its low-Earth orbit satellite internet deployment, starting in 2028. The deal includes 24 satellites, spectrum licenses, and direct-to-device expertise, positioning Amazon to compete with StarLink and capture a share of the growing satellite connectivity market. The acquisition is funded from existing cash reserves and represents less than 2% of Amazon’s enterprise value.
Topics: Amazon Apple Corporate Acquisition Globalstar Satellite Internet Space Technology Tech Industry