Amazon Targets $9 Billion Globalstar Deal to Expand Satellite Internet
Amazon has entered discussions to acquire Globalstar in a deal valued at about $9 billion. If completed, the move would strengthen its position in the low Earth orbit broadband market. Moreover, the acquisition would help it compete more directly with SpaceX and its Starlink network.
The talks follow a sale process that Globalstar began in October 2025. At that time, the company explored strategic options with the help of an investment bank. Meanwhile, chairman James Monroe, who controls a majority stake, had indicated interest in a valuation above $10 billion.
Key Challenges and Competitive Pressure
However, a major complication involves Apple, which holds a 20% stake in Globalstar. The company invested $1.5 billion in late 2024, combining cash funding and equity. As part of that agreement, Globalstar dedicated most of its network capacity to support iPhone satellite services. Therefore, any potential buyer would need to renegotiate terms tied to this partnership.
At the same time, SpaceX remains a strong rival bidder. Industry sources suggest the company could outbid Amazon to strengthen its Starlink dominance. Satellite analyst Tim Farrar noted that SpaceX would aim to “further cement Starlink’s dominance” and block Amazon from expanding its satellite reach. In addition, recent reports indicate growing momentum behind SpaceX as a leading contender.
For Amazon, the acquisition could accelerate its satellite ambitions. The company has already invested over $10 billion in its Project Kuiper constellation. However, it had deployed only 214 satellites by late March. Consequently, gaining Globalstar’s infrastructure and spectrum could help close the gap with Starlink. Furthermore, Amazon faces a regulatory deadline to launch at least 1,600 satellites by July 2026.
Market Impact and Uncertain Outcome
Meanwhile, Globalstar’s market performance reflects rising interest in the deal. Its stock has more than doubled over the past year, while shares recently traded near $61. As a result, the company’s market value reached roughly $7.95 billion by late March. In addition, Globalstar reported record 2025 revenue of $273 million, marking a 9% annual increase.
Despite ongoing discussions, no agreement has been finalized. Therefore, negotiations could still fall through, leaving the company independent. At the same time, uncertainty surrounds the future of its planned C-3 satellite constellation. Likewise, its relationship with Apple could shift depending on the final outcome.
