Amazon Globalstar Acquisition Talks Lift Shares
Amazon Globalstar acquisition talks lifted Globalstar shares as traders eyed L-band spectrum access and Apple stake that could complicate timing.
KEY TAKEAWAYS
- Amazon was in advanced talks to buy Globalstar for about $9.0 billion to gain L-band spectrum and satellites.
- The deal would shortcut Amazon Leo infrastructure and position Amazon to compete with Starlink.
- Apple's 20.0% stake requires direct negotiations and could complicate timing and regulatory review.
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Amazon’s talks to acquire Globalstar pushed the satellite company’s shares higher after reports on April 1–2, 2026, that Amazon is in advanced discussions to buy Globalstar. The deal would give Amazon access to Globalstar’s L‑band spectrum and operational satellites, accelerating Amazon Leo, its low-Earth-orbit (LEO) satellite network, and positioning it to compete with SpaceX’s Starlink.
Apple Stake and Market Reaction
Apple owns a 20% stake in Globalstar, acquired in 2024 for $1.5 billion to support iPhone Emergency SOS functionality. This ownership requires direct negotiations with Amazon and could complicate or delay the transaction while prompting regulatory scrutiny. Amazon Leo also faces Federal Communications Commission deployment deadlines.
Globalstar’s shares rose 14.0% on the acquisition reports. The company posted $273 million in revenue in 2025 and turned profitable that year, financial momentum investors appear to be weighing as talks continue.
Deal Rationale and Assets
The talks value Globalstar at about $9.0 billion, granting Amazon access to Globalstar’s L‑band spectrum, operational satellites, and an existing network for voice, data, Internet of Things (IoT), enterprise, government, and consumer services. Based in Covington, Louisiana, Globalstar operates a network of LEO satellites. Amazon had deployed about 212 LEO satellites as of late March 2026.
No agreement has been signed, and both companies declined to comment. If completed, the acquisition would shortcut Amazon Leo’s infrastructure build, enhance Amazon Web Services Ground Station capabilities, and position Amazon to pursue Starlink’s consumer, business, and government markets.
