Amazon Agrees to Buy Globalstar in $11.6 Billion Deal Amid Space Competition with Elon Musk
Amazon has agreed to acquire Globalstar in an $11.6 billion deal, escalating its space ambitions and intensifying competition with Elon Musk's SpaceX.
Key Points
- Amazon is acquiring Globalstar for $11.6 billion, paying $90 per share to expand its satellite and connectivity capabilities.
- The deal intensifies competition with Elon Musk's SpaceX in the satellite internet market.
- FCC Chair Brendan Carr has indicated openness to the acquisition, suggesting potential regulatory approval.
Full Details
Amazon has agreed to buy Globalstar, a satellite communications company, in a deal valued at $11.6 billion, marking a significant expansion of its space and connectivity initiatives. The acquisition, announced on April 14, 2026, sees Amazon paying $90 per share for Globalstar stock, causing Globalstar shares to pop on the news while Amazon stock edged up. This move is widely seen as a strategic play to bolster Amazon's satellite internet capabilities, directly competing with Elon Musk's SpaceX and its Starlink constellation. The deal comes amid heightened activity in the space sector, with companies vying for dominance in satellite-based internet and communication services. FCC Chair Brendan Carr has expressed openness to the Amazon-Globalstar deal, signaling potential regulatory support. The acquisition is expected to enhance Amazon's logistics, cloud services, and global connectivity offerings, positioning it as a major player in the emerging space economy.
Why It Matters
This acquisition could reshape the satellite internet landscape, challenging SpaceX's dominance and accelerating the deployment of global connectivity infrastructure, which may drive down costs and improve access worldwide.
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