US EditionAmazon signs $11.57 billion deal for satellite firm Globalstar to challenge Musk's Starlink
The deal gives Amazon access to more than 200 satellites and a separate Apple agreement to keep iPhone satellite features running.
- On Tuesday, Amazon announced an $11.57 billion agreement to acquire Globalstar, bolstering its satellite business to compete with Elon Musk-led Starlink; shareholders can choose $90 in cash or 0.3210 Amazon shares per share.
- Louisiana-Based Globalstar operates more than 200 satellites and powers Apple's "Emergency SOS" feature, supported by Apple's $1.5 billion investment to maintain safety services for Apple Watch users.
- Amazon's acquisition challenges SpaceX unit Starlink, which dominates with more than nine million global users and about 10,000 units in orbit; the deal provides Amazon access to Globalstar's two dozen low-Earth-orbit satellites.
- Following the announcement, Globalstar shares rose more than 9% in premarket trading while Amazon shares increased about 1%; the acquisition is expected to close next year pending regulatory approvals.
- Amazon aims to deploy about 3,200 satellites by 2029, with roughly half required by a July 2026 regulatory deadline; Globalstar plans to expand its network to 54 satellites, including backups.
65 Articles
65 Articles
Amazon Buys Satellite Group Globalstar for $11 Billion
Amazon is spending more than $11.5 billion to buy satellite operator Globalstar, its biggest push yet into the space-based internet business as it tries to catch up with SpaceX’s Starlink. Under the deal announced Tuesday, Globalstar’s low Earth orbit (LEO) constellation of 24 satellites will operate alongside Amazon Leo’s broadband network and its planned direct-to-device satellite system. Amazon also inherits Globalstar’s infrastructure and mo…
Amazon pays $11.5B for Globalstar to satisfy satellite-envy
Deal only comes with 24 operational sats, but also an Apple deal, spectrum licenses, and plenty of IP Amazon has agreed to pay more than $11.5 billion to expand its satellite constellation by about two dozen units with the acquisition of Globalstar. But it's more about the underlying technology that Amazon hopes will help it catch Elon Musk's Starlink. …
Amazon and Apple vs. Starlink: Globalstar satellite acquisition comes with a big iPhone bonus
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.
Amazon announced Tuesday the purchase of the US satellite operator Globalstar to strengthen its position vis-à-vis its competitor Starlink, owned by billionaire Elon Musk. The US giant proposes to pay up to $90 per share of Globalstar, either by cash payment or with its own shares, according to a statement. The operation would value the company at $11.6 billion. The two companies "announced the conclusion of a final merger agreement under which …
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