Amazon is in discussions to acquire Globalstar in a deal valued at around $9 billion, according to Financial Times. The move would strengthen its position against SpaceX and its satellite internet service, Starlink.
Apple stake complicates negotiations
Talks are ongoing, with a key challenge being the 20% stake held by Apple in Globalstar, requiring additional negotiations.
Read also: Google wants to build AI data centers in space — first equipment planned for launch in 2027
In 2024, Apple invested $1.5 billion in Globalstar, securing access to around 85% of the network’s capacity for satellite messaging services.
Sources warn that no deal has been finalized and discussions could still change or collapse.
Globalstar draws investor attention
Founded in 1991, Globalstar has become a target for acquisition as demand for low Earth orbit satellite networks grows. Its market capitalization has reached approximately $9 billion, with shares rising about 230% over the past year.
According to Bloomberg, the company previously explored a sale and held preliminary talks with SpaceX.
Satellite internet race intensifies
The potential acquisition would support Amazon in expanding its own low Earth orbit satellite network. The company currently has over 180 satellites in orbit as part of its initiative.
However, it still trails SpaceX, which operates more than 10,000 active satellites through Starlink.
Photo: n24.com.tr
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