Amazon to Acquire Globalstar in $11.57 Billion Deal to Expand Satellite Network

Amazon.com has agreed to buy satellite telecom company Globalstar in a deal valued at $11.57 billion, according to company statements and reports cited by Bloomberg News. The acquisition gives Amazon a bigger foothold in the satellite market as it builds out its own low Earth orbit business, Amazon Leo.
Under the merger agreement, Globalstar will help Amazon Leo add direct-to-device services, which are designed to let phones and other devices connect through satellites when they are outside the reach of traditional cell networks. The move also positions Amazon to compete more directly with SpaceX’s Starlink.
Globalstar shares jumped after the reports and the deal announcement, reflecting investor reaction to the takeover news.

Amazon agreed to acquire Globalstar, a satellite telecom company.

The deal is valued at $11.57 billion.

Amazon wants to strengthen its satellite business and expand Amazon Leo's services.

Amazon said the deal will help its network offer direct-to-device satellite connections and extend coverage beyond regular cell networks.

Reuters

Amazon is in advanced talks to ‌acquire satellite telecom group Globalstar , a deal that would bolster the tech major's push to ⁠build its own satellite operation, Bloomberg News reported on Monday.

Barrons

Globalstar stock was leaping on Tuesday following a report that Amazon.com is nearing a deal for the satellite company.

Reuters

Amazon.com said on ‌Tuesday it would acquire Globalstar in an $11.57 ⁠billion deal, bolstering its fledgling satellite business to take ‌on ⁠bigger rival SpaceX's Starlink.

Business Wire

SEATTLE & COVINGTON, La.--(BUSINESS WIRE)--Today Amazon.com, Inc. (NASDAQ:AMZN) and Globalstar, Inc. (NASDAQ:GSAT) announced that they have entered into a definitive merger agreement under which Amazon will acquire Globalstar, enabling Amazon Leo to add direct-to-device (D2D) services to its low Ear...

WSJ

Amazon has agreed to acquire Globalstar in a move that allows its Amazon Leo satellite network to offer direct-to-device connections.

CNBC

Amazon to buy Globalstar to bolster Leo satellite business

Invezz

Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, strengthening its nascent satellite business as it seeks to compete with SpaceX's Starlink. Under the terms of the agreement, shareholders of Globalstar can choose to receive either $90 in cash or 0.3210 shares of Amaz...

Schaeffers Research

The burgeoning satellite sector got a boost today, after Amazon.com Inc (NASDAQ:AMZN) announced the acquisition of Globalstar (GSAT) for $11.57 billion.

TechCrunch

Amazon is moving in on the orbital mobile connectivity market that's currently dominated by Elon Musk's Starlink. The company on Tuesday said it had agreed to buy satellite company Globalstar, known for powering Apple's “Emergency SOS” feature, for $11.57 billion in cash.

Benzinga

Something interesting is happening in the satellite space right now, and if you're an investor, it's worth paying attention.

Market Watch

Globalstar's stock is heading toward an 18-year high on the back of an Amazon buyout deal, and has quadrupled over the past 12 months.

Business Wire

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Globalstar, Inc. (NASDAQ: GSAT) to Amazon.com, Inc. for $90.00 in cash or 0.3210 shares of Amazon common stock with a value capped at $90.00 per share.Halper Sadeh encourages Globalstar shareholder...

Proactive Investors

Amazon.com Inc (NASDAQ:AMZN) has agreed to acquire Globalstar Inc (NASDAQ:GSAT) in a deal aimed at expanding its satellite telecommunications connectivity, including powering emergency features on Apple Inc (NASDAQ:AAPL) iPhones and Apple Watches. The acquisition will allow Amazon's low Earth orbit...

GlobeNewsWire

NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm i...

Investors Business Daily

Amazon agreed to buy Globalstar for $11.57 billion, in a move expanding its satellite business versus Elon Musk-controlled companies.

GeekWire

Amazon's deal for satellite operator Globalstar doesn't just bulk up Amazon Leo — it brings Apple along for the ride, with a long-term agreement to power iPhone and Apple Watch satellite features.

Bloomberg Technology

Amazon has agreed to buy satellite operator Globalstar in a deal worth roughly $11.6 billion, marking its largest acquisition since the 2017 purchase of Whole Foods. The deal could help Amazon compete more closely with its fast-growing rival Starlink.

PYMNTS

Amazon plans to expand the capabilities of the Amazon Leo low Earth orbit satellite network by acquiring mobile satellite services operator Globalstar.

PRNewsWire

MILWAUKEE, April 14, 2026 /PRNewswire/ -- Ademi LLP is investigating Globalstar (NASDAQ: GSAT) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Amazon. Click here to learn how to join our investigation and obtain additional information or...

New York Post

Tech companies are pouring in billions of dollars to capture the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink's 10,000-unit-strong network.

24/7 Wall Street

The satellite connectivity race has shifted into high gear.

NYTimes

The e-commerce giant is buying Globalstar, a satellite communications company, as it aims to expand its own satellite internet service to compete with Elon Musk's Starlink.

Reuters

Amazon's $11.6 billion deal to buy Globalstar bolsters its space ambitions with satellites and wireless airwaves, but will not fix the crippling shortage of ‌rocket launches needed to build out a network capable of rivaling SpaceX, analysts said.

Investopedia

Amazon said it's agreed to buy Globalstar, putting an end to weeks of speculation and sending the Stalink rival's stock up sharply Tuesday.

24/7 Wall Street

Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock is up 5% today, rising from $239.89 to $252, after the company announced a blockbuster $11.57 billion acquisition of Globalstar (NASDAQ:GSAT).

Seeking Alpha

Amazon.com, Inc.'s $11.6 billion acquisition of Globalstar highlights surging demand for space-focused telecom, boosting XTL, where GSAT is the largest holding. I maintain a buy rating on the State Street SPDR S&P Telecom ETF, citing pristine momentum, an attractive 19.8x P/E, and a PEG near 1.0 ami...

The Motley Fool

Amazon will buy all of Globalstar's shares for $90 each. In return, Amazon receives instant DTC capability for its Amazon Leo satellite internet service.

The Motley Fool

Amazon recently announced its acquisition of Globalstar for over $11.5 billion, or roughly $90 per share. Amazon has been attempting to build a low-Earth orbit satellite network but has fallen behind schedule.

Proactive Investors

Amazon.com Inc (NASDAQ:AMZN)'s agreement to acquire Amazon.com Inc.'s satellite partner Globalstar Inc for about $12.5 billion is a strategically “long-duration” move that strengthens its direct-to-device ambitions while requiring no meaningful near-term cash strain, according to Jefferies analysts....

Invezz

AST SpaceMobile Inc (NASDAQ: ASTS) closed “meaningfully” lower on Tuesday after Amazon announced a definitive $11.6 billion deal to acquire peer satellite operator Globalstar. The news eclipsed ASTS's recent operational triumphs, including record-breaking Q4 revenue that helped it break above its ma...

Bloomberg Technology

Bloomberg's Caroline Hyde and Ed Ludlow discuss Amazon's plan to buy satellite operator Globalstar in a $11.6 billion deal. Plus, Lucid's New Incoming CEO Silvio Napoli discusses the company's fresh injection of capital and deeper robotaxi push.

Market Watch

Amazon.com's latest acquisition of a satellite operator has helped power a winning streak for the tech giant, as shares of the company rallied for the seventh consecutive day on Tuesday.

CNET

Amazon has acquired satellite service provider Globalstar in its plan to provide connectivity services in 2028.

The Motley Fool

Amazon needs Globalstar's help to take on SpaceX's Starlink. Apple is set to be a major customer.

The Motley Fool

With a SpaceX IPO pending, Amazon's Globalstar move spotlights its push to fuse satellite connectivity with AI-powered cloud services, today, April 14, 2026.

Yahoo Finance

Amazon is taking on SpaceX's Starlink in new $11.57 billion satellite partnership with Globalstar. 🛰️

The Guardian

Deal, subject to regulatory approval, would give Bezos firm access to Globalstar's network of two dozen satellites

Benzinga

Jones noted the deal accelerates Amazon Leo's commercialization by adding direct-to-device capabilities and leveraging Globalstar's spectrum and infrastructure.

Benzinga

“Strategically, the deal accelerates Amazon's ability to offer a consumer subscription service as Globalstar has a scaled and operational direct-to-device service,” Boone noted.

Finbold

Loop Capital reiterated a “Buy” rating on Amazon (NASDAQ: AMZN) with a $360 price target on April 15, pointing to the company's newly announced agreement to acquire Globalstar, an American satellite operator.

CNET

Amazon announces plans to acquire satellite service provider Globalstar in its quest to provide connectivity from space.

Investors Business Daily

AST SpaceMobile could fire back at Amazon's proposed acquisition of Globalstar by targeting Viasat or Iridium spectrum assets, analysts say.

Benzinga

The sell-off makes sense because Amazon's agreement to buy Globalstar introduces a much larger and better-capitalized player into the race to connect smartphones directly through low Earth orbit satellite networks.