Amazon is negotiating to buy satellite telecommunications firm Globalstar to strengthen its low-Earth orbit internet constellation and compete with SpaceX's Starlink. Discussions involve Apple's 20 percent stake in Globalstar, but no deal has been finalized. The talks come amid rising interest in satellite networks.
People familiar with the matter said Amazon and Globalstar have held lengthy discussions, though complexities remain. Apple’s ownership stake requires separate negotiations between Amazon and the iPhone maker. No agreement is in place, and talks could change or end, the people added. Globalstar stated it does not comment on speculation or rumors, while Amazon declined to comment. Apple did not immediately respond. Globalstar, founded in 1991, has seen its shares rise 230 percent over the past year amid takeover interest, reaching a $9 billion market capitalization on Wednesday. Apple invested $1.5 billion for its stake in 2024, securing 85 percent of Globalstar’s network capacity for satellite texting on iPhones outside cellular coverage. Bloomberg reported in October that Globalstar explored a sale and held early talks with SpaceX. Amazon’s Leo satellite project has launched over 180 satellites, far fewer than SpaceX’s more than 10,000 active ones. In February, Amazon sought a two-year FCC extension to deploy 1,600 satellites by mid-year, citing launch shortages. The company has deals with JetBlue for 2027 and Delta for 2028 in-flight internet. Chief executive Andy Jassy described Leo as one of several incremental opportunities for the firm. Globalstar reported $273 million in 2025 revenue, up 9 percent, with $7.4 million in operating income.
