Amazon in talks to buy Globalstar
2 sources·2 updates
Amazon is reportedly negotiating to acquire Globalstar, a satellite communications company that powers Apple's Emergency SOS via satellite feature for iPhone and Apple Watch users. The discussions are complicated by Apple's 20% stake in Globalstar, which it acquired as part of a $1.5 billion investment in 2024.
Key Points
Globalstar's stock surged 15% in after-hours trading following the acquisition report.
Amazon aims to deploy a total of 7,700 satellites for its internet service, having launched about 200 satellites since April 2025.
Apple's investment in Globalstar includes $1.1 billion in infrastructure prepayments.
Timeline
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