FCC Approves Amazon Leo's $11.5 Billion Acquisition of Globalstar
The Federal Communications Commission (FCC) has granted approval for Amazon Leo to acquire Globalstar in a deal valued at $11.5 billion. Originally announced in April, the transaction is projected to close in 2027 and will integrate Globalstar's constellation of 25 satellites into Amazon Leo's existing network of nearly 400 satellites. The acquisition provides a significant strategic boost for Amazon Leo, helping to offset recent delays in its launch timeline. Furthermore, the deal positions Amazon Leo as a critical infrastructure provider, as it will now power satellite services for Apple’s supported iPhone and Apple Watch ecosystems.