Amazon Announces Acquisition of Apple's Stake in Globalstar

Amazon has acquired Apple’s 20% stake in satellite communications company Globalstar as part of its $11.6 billion acquisition, expanding into the satellite infrastructure market and strengthening connectivity services for iPhone users.

By Sajjl Nooranne Mon, June 8, 2026 at 2:38 AM GMT+3 2 min read · Yahoo Finance · June 7, 2026, 23:38 UTC

Amazon Announces Acquisition of Apple's Stake in Globalstar

Tickers: $AAPL $AMZN $GSAT

Topics: Amazon Apple Globalstar (GSAT) Satellite Communications

Read the full article at Yahoo Finance

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