Amazon Eyes $8.8B Globalstar Acquisition to Expand Satellite Internet Network
Amazon is in talks to acquire Globalstar for about $8.81 billion, negotiating the complexities of a potential deal with current shareholders. Globalstar’s low-Earth-orbit network serves nearly 800,000 subscribers, and Apple’s 20% stake must be resolved before closing.
1. Acquisition Negotiations Underway
Amazon has initiated talks to acquire Globalstar in a transaction valued at approximately $8.81 billion. Discussions focus on purchase price, timing and obtaining approval from major stakeholders before finalizing the agreement.
2. Apple's Stake and Shareholder Complexity
Apple holds a 20% equity stake in Globalstar from a 2024 $1.5 billion investment to expand satellite infrastructure. That significant position requires separate negotiations and agreement on valuation adjustments.
3. Competitive Landscape against Starlink
Globalstar operates a low-Earth-orbit network serving nearly 800,000 subscribers, bolstering Amazon’s Leo constellation ambitions. However, SpaceX’s Starlink network, with over 9,600 satellites and nine million users, remains the dominant market force.