Apr. 3 at 8:00 PM
Amazon is stepping up in the satellite internet race, challenging Elon Musk’s Starlink. It is reportedly negotiating a
$9B deal to acquire Globalstar, a low Earth orbit satellite company offering voice, data, and asset-tracking services. The move would accelerate Amazon’s Project Kuiper (Leo), which currently has 180–200 satellites, aiming for a 3,200-satellite constellation.
Globalstar, valued at ~
$8.8B, became strategic after Apple invested
$1.5B in 2024 for a 20% stake, reserving 85% of network capacity for Apple’s Emergency SOS feature. Globalstar’s 2025 revenue reached
$273M, with
$7.4M operating income. Shares surged 12.36% premarket, while Amazon fell nearly 2%.
The deal could help Amazon narrow the gap with Starlink, which operates over 9,500 satellites and serves 9+ million users. No agreement has been finalized, and talks may still change.
$AMZN $GSAT