News

Amazon
2026-07-23 17:45:16

Amazon in Talks to Acquire Globalstar for $9B; Apple's 20% Stake Complicates Deal

Amazon is in negotiations to acquire satellite communications company Globalstar for roughly $9 billion, aiming to boost its Amazon Leo satellite network against SpaceX's Starlink. Apple's 20% stake in Globalstar makes the deal contingent on Apple's approval, adding a key uncertainty. Globalstar's stock surged 20% after hours on the news.

160
Amazon in Talks to Acquire Globalstar for $9B; Apple's 20% Stake Complicates Deal