Amazon to Acquire Globalstar for $11.57 Billion

Amazon.com Inc. announced on April 14, 2026, that it has agreed to acquire Globalstar Inc., a satellite communications provider based in Covington, Louisiana, in a transaction valued at $11.57 billion. The deal aims to strengthen Amazon's expanding low Earth orbit satellite network, known as Project Kuiper or Amazon Leo, as it seeks to compete with SpaceX's dominant Starlink service.

Under the terms of the merger, Globalstar shareholders can choose to receive $90 in cash or 0.3210 shares of Amazon common stock for each Globalstar share. Cash elections are capped at 40 percent of outstanding shares, with any excess converted to stock on a prorated basis. The deal value could decrease by up to $110 million if Globalstar fails to meet certain satellite deployment milestones. The transaction, which has already received approval from a majority of Globalstar's voting shareholders via written consent, is expected to close in 2027, pending regulatory approvals.

Globalstar operates a constellation of about two dozen low Earth orbit satellites, offering voice, data, and asset-tracking services to enterprise, government, and consumer customers. The company is expanding its network to 54...