Amazon to Acquire Globalstar in Satellite Cellular Connection Push

Published: 2026-04-14 08:35:28 ET AMZN

Published on 04/14/2026 at 08:35 am EDT

By Nicholas G. Miller

Amazon has agreed to acquire Globalstar in a move that allows its Amazon Leo satellite network to offer direct-to-device connections.

Globalstar stockholders will choose to receive either $90 a share in cash or 0.3210 share of Amazon common stock per Globalstar share with a value capped at $90 a share.

Amazon will acquire Globalstar's existing satellite operations, infrastructure, and assets, including mobile satellite services spectrum licenses with global authorizations.

Amazon Leo will deploy its own direct-to-device satellite system beginning in 2028.

"Combining Globalstar's spectrum and established MSS capabilities with the scale, performance and reach of Amazon Leo will enable Amazon to deliver continuous connectivity for consumer, enterprise and government customers around the world," the companies said.

The transaction is expected to close in 2027.

Amazon has also agreed to a deal with Apple to power satellite services for its iPhone and Apple Watch.

Write to Nicholas G. Miller at [email protected]

(END) Dow Jones Newswires

04-14-26 0834ET