Amazon Expands Direct-to-Device Service with $11.6B Globalstar Acquisition

AMZN•2026-06-29

Amazon agreed in April to acquire satellite operator Globalstar in a roughly $11.6 billion deal to bolster its direct-to-device smartphone services. The transaction positions Amazon to challenge Elon Musk’s Starlink, which spent $17 billion on wireless spectrum last year.

1. Amazon's Satellite Ambitions Take Shape

In April, Amazon struck a deal to buy Globalstar for $11.6 billion, gaining access to its constellation of low-earth-orbit satellites and existing subscriber base. The acquisition aims to deliver direct-to-device mobile phone services globally, positioning Amazon against established players in the satellite communications market such as Starlink.

Sources

+1 more

Show all 6

Comcast Surges on Media Spinoff Plan

Finance

PLTR Stock: What Does Its Valuation Imply?

Finance

Amazon Expands Direct-to-Device Service with $11.6B Globalstar Acquisition

1. Amazon's Satellite Ambitions Take Shape

Related News

Concentrix Posts 1.9% Revenue Growth, 36.5% EPS Increase and $258M Cash Flow

Strategy Trust Unveils $1.25B Bitcoin Monetization Program, Raises Dividend to 12%

Tesla Rallies on Musk’s $50B Gain and Semiconductor Surge; Geely’s Lotus EVs Eye Canada

Sources

Comcast Surges on Media Spinoff Plan

PLTR Stock: What Does Its Valuation Imply?

Braemar Hotels Extends $43.4M Ritz-Carlton Lake Tahoe Loan to October

Arbor Realty Trust Declares $0.3984375 D and $0.390625 E/F Preferred Dividends

The Real Engine Behind Snowflake Stock's Reacceleration

Rocket Lab enters satellite communications market with $8 billion deal

Retail 'FOMO' drives record SpaceX Options volume following blockbuster IPO

Semiconductor stocks are surging while the 'Magnificent Seven' is struggling. This divergence of fortunes could be bad news for the market.