Amazon is reportedly in talks to acquire Globalstar, accelerating the development of satellite internet services.

2026-04-09 16:42:55

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According to sources familiar with the matter, Amazon is in talks to acquire the satellite communications group Globalstar, with the tech giant accelerating the development of its own low Earth orbit satellite business.

Driven by this news, Globalstar’s stock jumped 24% after the market closed on Wednesday. Over the past year, the company’s share price has risen more than 1 time; as of Wednesday’s close, its market capitalization was $8.81 billion.

Globalstar is headquartered in Covington, Louisiana, and is known for its low Earth orbit satellites. The company provides voice, data, and asset tracking services for enterprise, government, and consumer markets.

Reports say that after lengthy negotiations, Amazon and Globalstar are still working through some complex details of the deal.

It is also reported that Apple holds a 20% stake in Globalstar, which means negotiations between Amazon and Apple are necessary, further increasing the complexity of the talks.

Last October, it was reported that Globalstar was considering a sale and had already held preliminary discussions with Elon Musk’s SpaceX and other potential buyers.

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