Amazon (AMZN) Nears Acquisition of Globalstar (GSAT) in Satellite Push

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Amazon approaches final stages of acquiring satellite company Globalstar (GSAT), with announcement potentially coming Tuesday.
Acquisition would strengthen Amazon’s Project Kuiper initiative, which operates roughly 180 satellites versus SpaceX’s 10,000+ constellation.
Negotiations involve Apple, which owns a 20% Globalstar stake following a $1.5 billion investment in 2024.
Globalstar shares have soared 273% in the last year amid acquisition speculation.
Amazon continues developing its low Earth orbit satellite constellation to challenge SpaceX’s Starlink dominance.

Amazon stands on the verge of acquiring satellite communications provider Globalstar, sources told Bloomberg. An official announcement may arrive as soon as Tuesday, according to individuals with knowledge of the negotiations.

*AMAZON SAID TO NEAR GLOBALSTAR DEAL IN PUSH TO RIVAL STARLINK$AMZN acquiring $GSAT could be announced as soon as tomorrow.

The FT reported on April 1 that AMZN was in talks with GSAT which shot it up over 20% initially on the announcement, and now it looks like the deals… pic.twitter.com/F4p3810hcR

— Negligible Capital (@negligible_cap) April 14, 2026

This strategic acquisition represents Amazon’s aggressive push into the low Earth orbit satellite sector through Project Kuiper. The e-commerce behemoth aims to challenge SpaceX’s Starlink, which maintains a commanding lead in the satellite internet industry.

Amazon currently operates approximately 180 satellites orbiting Earth. In stark contrast, SpaceX commands a fleet exceeding 10,000 satellites. This substantial disparity positions Globalstar as a strategic asset that could help Amazon narrow the competitive divide.

Reports of this potential transaction first emerged when the Financial Times disclosed earlier this month that Amazon was pursuing a Globalstar agreement. Bloomberg’s latest reporting suggests the deal has progressed significantly closer to completion.

Globalstar, Inc., GSAT

Globalstar’s market value has skyrocketed 273% during the previous 12 months. This remarkable appreciation stems largely from acquisition rumors and the company’s positioning within the rapidly expanding satellite broadband sector.

Apple’s Investment Creates Complex Negotiations

A significant complication involves Apple’s position as a major Globalstar stakeholder. The tech giant acquired a 20% ownership stake through a $1.5 billion capital injection in 2024. Amazon must therefore coordinate with Apple to finalize any acquisition.

Apple leverages Globalstar’s satellite infrastructure to enable its Emergency SOS via satellite capability on iPhone devices. The implications for this partnership under Amazon ownership remain uncertain.

Reuters indicated it was unable to independently verify Bloomberg’s reporting.

Strategic Value of Globalstar Assets

Globalstar maintains an operational constellation of low Earth orbit satellites. An Amazon acquisition would provide immediate infrastructure advantages instead of requiring years of development and deployment.

The transaction would also transfer valuable licensed spectrum to Amazon—a scarce and highly regulated resource essential for satellite communications operations.

Amazon has committed substantial resources to Project Kuiper. While the company has successfully deployed satellites and secured launch agreements, its operational capabilities remain far behind Starlink’s established service.

SpaceX dedicated years to constructing Starlink into a worldwide broadband platform. Amazon seeks to capture market share in this lucrative sector, and Globalstar could accelerate that timeline considerably.

Globalstar shares declined 0.37% during Monday trading, despite intensifying acquisition discussions. The stock’s extraordinary annual performance suggests much of the takeover premium has already been reflected in the current valuation.

Amazon stock advanced 0.63% on Monday. Market observers continue monitoring developments closely given the strategic significance and scale of the companies involved.

Reuters was unable to verify specific deal terms, and neither Amazon nor Globalstar had issued official public comments as of Monday evening.

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