Why is Amazon acquiring Globalstar?

Amazon aims to boost its satellite communications capabilities for AWS and Project Kuiper.

How did the announcement affect Amazon and Globalstar stocks?

Amazon's stock remained steady, while Globalstar's stock rose notably after the announcement.

Does the deal face regulatory hurdles?

The deal is expected to face regulatory review in the US and EU due to competition concerns.

Amazon Acquires Globalstar for $11.6B, Buys Apple's 20% Stake

Amazon (AMZN) announced the acquisition of Globalstar (GSAT) for $11.6 billion, including the purchase of Apple's 20% stake. The deal aims to enhance Amazon's satellite communications capabilities.

June 8, 2026

2 min read

Source: Insider Monkey

Key Numbers

acquisition value

11.6B

apple stake

20%

Amazon.com, Inc. (NASDAQ:AMZN) announced on May 29, 2026, that it will acquire Globalstar (GSAT) for $11.6 billion, including the purchase of Apple's 20% stake in the satellite communications company. The acquisition is part of Amazon's strategy to expand its satellite communications capabilities.

Deal Details

Item	Value
Total deal value	$11.6 billion
Apple's stake in Globalstar	20%
Payment method	Cash (per regulatory filing)
Acquirer	Amazon
Target	Globalstar

Rationale

Amazon aims to enhance its satellite communications capabilities, particularly for its AWS cloud computing and Project Kuiper internet services. Acquiring Apple's stake gives Amazon greater control over Globalstar's assets.

Regulatory Challenges

The deal is expected to face regulatory scrutiny in the US and EU due to competition concerns in the satellite communications sector. Amazon has not yet announced the expected closing date.

Impact on Stocks

Amazon's stock (AMZN) traded steady after the announcement, while Globalstar (GSAT) saw a notable increase. Analysts view the deal as strengthening Amazon's position in space technology, though regulatory hurdles may arise.

Frequently Asked Questions

The deal is valued at $11.6 billion, including the purchase of Apple's 20% stake.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.