Amazon agrees to acquire Globalstar in an $11.6B deal

This article was published on April 14, 2026 It will take over the satellite service powering Emergency SOS on every iPhone. Amazon and Apple have also signed a separate agreement for Amazon Leo to continue powering satellite features on iPhone and Apple Watch. The deal gives Amazon the spectrum, infrastructure, and operational expertise to launch direct-to-device satellite services from 2028, and compresses years of development into a single transaction. Amazon has agreed to acquire Globalstar in an approximately $11.6 billion deal, the companies announced on Tuesday, confirming weeks of reported negotiations. Under the terms, Globalstar shareholders can elect to receive either $90 per share in cash or Amazon stock capped at the same value, a 23.5% premium over Globalstar’s Monday closing price. Cash elections are capped at 40% of total shares, with excess automatically converted to stock. The deal is expected to close in 2027, subject to regulatory approvals. Approximately 58% of Globalstar’s combined voting power has already approved the transaction by written consent. Alongside the acquisition, Amazon and Apple have signed a separate agreement for Amazon Leo, Amazon’s low Earth