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Amazon to Buy Satellite Company Globalstar for $11.6B

Bloomberg Technology
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Amazon agreed to acquire satellite operator Globalstar for $11.6 billion in April 2026, marking its largest satellite-related investment to expand its orbital infrastructure and compete in the space-based connectivity sector. The deal follows Amazon’s ongoing Project Kuiper, a $10 billion low-Earth orbit satellite initiative, signaling intensified competition with SpaceX’s Starlink and other global satellite internet providers. Globalstar’s existing low-orbit satellite network and spectrum licenses will accelerate Amazon’s plans to deploy high-speed, low-latency internet services globally, targeting underserved regions and enterprise clients. The acquisition aligns with Amazon’s broader push into space-based logistics, cloud computing, and quantum-secured communications, leveraging satellite networks for future-proof infrastructure. Analysts note the move could reshape the satellite industry, consolidating market power and accelerating commercial space race dynamics amid rising demand for orbital data and connectivity solutions.
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Apr 15th, 2026Amazon to Buy Satellite Company Globalstar for $11.6BBloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Amazon.com agreed to acquire satellite operator Globalstar in a roughly $11.6 billion deal that would expand the services of its satellite system.Duration:3:05Xi Vows Closer Coordination With RussiaDuration:11:21New Zealand Urges A Quick Resolution to the Iran WarBusinessweek Daily Duration:9:13IMF's Georgieva Says Central Banks Should Not Rush When It Comes to Hiking RatesDuration:3:35Famed Investor Mark Mobius Has Died at 89ExclusiveDuration:11:26Morgan Stanley CEO Pick on Iran, Inflation Risk and Private CreditDuration:1:49BofA Equity Traders Post Record Quarter on Market VolatilityDuration:0:17US Won't Renew Iranian, Russian Oil Waivers, Treasury Secretary Bessent SaysDuration:1:17Morgan Stanley CEO Concerned About ‘Imported’ InflationAvailable on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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Source: Bloomberg Technology

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