Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant\u2019s effort to build its own low-Earth orbit satellite business.<\/p>\n
The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter.<\/p>\n
One complicating factor has been Apple\u2019s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said.<\/p>\n
Acquiring the satellite group would accelerate Amazon\u2019s push to compete with Elon Musk\u2019s SpaceX and its Starlink orbital Internet service.<\/p>\n
No deal had been finalized and discussions could yet shift or collapse, the people warned.<\/p>\n
Globalstar said: \u201cAs a company policy, Globalstar does not comment on industry speculation or rumors.\u201d Amazon declined to comment. Apple did not immediately respond.<\/p>\n
Founded in 1991, Globalstar shares have surged in recent months on the back of takeover speculation, reaching a market capitalization of about $9 billion on Wednesday.<\/p>\n
Its stock is up about 230 percent over the past year, with investors betting it could be a challenger to SpaceX.<\/p>\n
Globalstar has attracted interest from various other suitors as companies seek to build out their own constellations of low-Earth orbit satellites, in which Starlink is the dominant player.<\/p>\n
,<\/p>\n
Apple invested $1.5 billion in Globalstar in 2024, taking a 20 percent stake in the company. As part of the agreement, Globalstar agreed to reserve 85 percent of its network capacity for the iPhone maker for satellite-based texting when outside cellular tower coverage.<\/p>\n
Bloomberg reported in October that Globalstar was exploring a sale and had held early talks with SpaceX.<\/p>\n
Amazon has been pushing forward with its own effort, dubbed Leo, launching the first batch of satellites for its Internet constellation last year.<\/p>\n
The company has more than 180 satellites in orbit, but its deployment is dwarfed by the more than 10,000 active satellites operated by SpaceX.<\/p>\n
Amazon in February was forced to seek a two-year extension to a July deadline from the Federal Communications Commission for the launch of 1,600 satellites.<\/p>\n
Amazon plans to have about 700 satellites in space by the middle of this year but has said that a launch capacity shortage is hampering the build-out of its service, according to regulatory filings.<\/p>\n
Amazon has signed deals with JetBlue and Delta for Internet services on flights commencing in 2027 and 2028, respectively.<\/p>\n
Andy Jassy, Amazon\u2019s chief executive, told investors in February that Leo was part of a suite of \u201cincremental opportunities\u201d that the $2.2 trillion e-commerce group would pursue.<\/p>\n
Globalstar reported full-year revenue of $273 million in its latest annual results, a 9 percent increase from 2024. Income from operations was $7.4 million in 2025, after a narrow loss in the year before.<\/p>\n
Additional reporting from Rafe Rosner-Uddin and Stephen Morris.<\/em><\/p>\n \u00a9 2026 The Financial Times Ltd. All rights reserved. Not to be redistributed, copied, or modified in any way.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant\u2019s effort to build its own low-Earth orbit satellite business. The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter. One complicating factor […]<\/p>\n","protected":false},"author":1,"featured_media":43322,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-43321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/43321"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=43321"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/43321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/43322"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=43321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=43321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=43321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}