The total transaction consideration is subject to a downward adjustment of up to $110 million if Globalstar does not achieve certain operational milestones.
The Amazon acquisition values Globalstar at $11.57 billion and represents a 23.5% premium.
Each Globalstar stockholder may elect to receive either $90.00 in cash or 0.3210 shares of Amazon common stock for each Globalstar common share they own.
Globalstar’s existing and planned upcoming low Earth orbit satellite constellations are being manufactured by MDA Space.
Apple owns 20% of a Globalstar LLC tied to the C-3 constellation.
The transaction remains subject to regulatory approvals and Globalstar’s achievement of specific HIBLEO-4 replacement satellite milestones.
Amazon later made a reported $9 billion bid for Globalstar.
Globalstar’s stock rose more than 24 percent to an 18-year high on April 1 after reports that Amazon was in advanced talks to acquire the company.
Globalstar became profitable in 2025 with approximately $273 million in revenue.
Globalstar’s Band n53 spectrum is commercially deployed and is used in Apple’s emergency SOS service on newer iPhones.
Amazon’s reported bid for Globalstar was approximately $9 billion.
Apple invested $1.5 billion in Globalstar in 2024 and received a roughly 20 percent equity stake.
Globalstar provides emergency SOS and direct-to-cell functionality for newer iPhone models through a partnership with Apple.
Globalstar generated $273 million in revenue in 2025.
SpaceX may also have interest in acquiring Globalstar.
Globalstar operates Band n53 spectrum and an existing low Earth orbit constellation.
Amazon is reportedly seeking to acquire Globalstar for approximately $9 billion.
Globalstar stock rose more than 24 percent to an 18-year high on April 1, 2026 after reports of Amazon’s advanced acquisition talks.
The major NTN direct-to-cellular operators are Starlink, Skylo, Globalstar, and Iridium.
Amazon’s reported bid to acquire Globalstar is approximately $9 billion.