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Amazon's $12B Globalstar Acquisition Paid for Itself 10x Over in One Day
Amazon shares rose 5% after the deal was announced, as Globalstar adds 24 satellites and Apple-backed consumer service to its satellite push.
- Amazon announced the $11.6 billion acquisition of satellite company Globalstar, seeking to directly challenge SpaceX's Starlink dominance in space-based internet connectivity.
- Globalstar provides valuable Band 53/n53 spectrum assets and an existing partnership with Apple that powers emergency SOS features, offering Amazon proven consumer-scale infrastructure for direct-to-device connectivity.
- SpaceX currently operates 10,000 satellites compared to Amazon's fewer than 300, prompting the company to commit approximately $200 billion in 2026 capital expenditures to accelerate its Amazon LEO program.
- Investors reacted positively, with Amazon shares rising 5% and gaining $125 billion in market cap on the announcement, while the company agreed to continue supporting Apple's satellite safety features.
- By 2029, Amazon projects deploying around 3,200 low Earth orbit satellites, intensifying the global satellite race where connectivity and device integration will define market leadership in coming years.
12 Articles
12 Articles
Amazon vs Starlink: satellite race intensifies
Amazon are shooting for the stars with the announcement of its latest acquisition: Globalstar, a mobile satellite operator. This deal, worth approximately €10.5 billion, will add two dozen satellites to Amazon’s fledgling fleet and significantly accelerate its ambitions in the direct-to-device connectivity market. Global shareholders will receive either a cash payment of €75 or 0.3210… Source
Amazon's $12B Globalstar Acquisition Paid for Itself 10x Over in One Day
The post Amazon’s $12B Globalstar Acquisition Paid for Itself 10x Over in One Day appeared first on 24/7 Wall St.. Quick Read Amazon (AMZN) CEO Andy Jassy is acquiring Globalstar (GSAT) for $11.6 billion to directly challenge SpaceX’s Starlink dominance in space-based internet, with Amazon shares rising 5% and gaining $125 billion in market cap on the news. Globalstar operates 24 satellites with globally harmonized Band 53/n53 spectrum assets…
Amazon makes a move in the space race. And it does so decisively. The company announces the purchase of satellite company Globalstar for approximately $11.57 billion, in a deal that reshapes the space-based internet market, directly impacts Apple, and puts pressure on Starlink, Elon Musk's business. This article belongs to Alta Densidad! The original article can be found here: Amazon buys Globalstar for $11.57 billion: the move that shakes up St…
Amazon Just Bought Themselves a Satellite Network... for $11 BILLION!
Amazon dropped a bombshell: it will buy satellite operator Globalstar for $11.57 billion in cash and stock. The deal supercharges Amazon's push into space-based internet via its Project Kuiper, now branded Amazon Leo. Globalstar's spectrum and existing satellites slot right into Amazon's low-Earth orbit plans. This is not just another acquisition. It adds direct-to-device connectivity - think texting or calling from your phone without cell tower…
Read the original note in the following link: Amazon buys Globalstar for $11.6 billion: the iPhone and Apple Watch will use Amazon Leo Amazon just completed one of their most strategic acquisitions in years. And that’s because the company announced the purchase of Globalstar in an operation valued at $11.6 billion, becoming a single move in Apple’s new satellite partner for iPhone and Apple Watch. Therefore, the space race among technological gi…
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