Is Amazon acquiring Globalstar?

Amazon.com Inc. is reportedly in advanced discussions to acquire Globalstar Inc., although a final agreement has not yet been reached.

What is Globalstar's role in Apple's services?

Globalstar's existing satellite network powers Apple Inc.'s emergency services feature on iPhones.

How will this deal impact competition with Starlink?

The acquisition of Globalstar by Amazon would intensify competition with Elon Musk's Starlink satellite internet service.

Home / Business and Economy / Amazon Eyes Globalstar for Satellite Network Boost

Amazon Eyes Globalstar for Satellite Network Boost

14 Apr

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Summary

Amazon is in talks to acquire satellite operator Globalstar.
Apple invested $1.5 billion in Globalstar for a 20% stake.
A deal would intensify competition with SpaceX's Starlink.

Amazon Eyes Globalstar for Satellite Network Boost

Amazon.com Inc. is in advanced discussions to acquire Globalstar Inc., a satellite operator with a functioning network. This potential deal aims to enhance Amazon's own satellite constellation, Amazon Leo, designed for rural and remote high-speed internet delivery. Globalstar's existing infrastructure, which primarily focuses on device connectivity and powers Apple Inc.'s iPhone emergency services, could significantly accelerate Amazon's deployment plans.

Globalstar's shares have seen substantial growth, nearly quadrupling in value over the past year to approximately $9.4 billion. The acquisition would also intensify competition in the satellite internet market, particularly against Elon Musk's Starlink, which boasts over 10 million customers and a large satellite fleet. Bloomberg Intelligence analyst John Davies notes that Globalstar's spectrum rights might also be beneficial for Amazon's Leo network.