Globalstar is an American telecommunications company that operates a low Earth orbit (LEO) satellite constellation, providing satellite phone, data transmission, and earth observation services. As a mobile satellite service provider, Globalstar offers products including satellite phones, IoT modules, and asset tracking devices. The company partners with organizations like Liquid Intelligent Technologies and Parsons, and serves various sectors including government, public safety, and commercial maritime. Key words associated with Globalstar are: LEO constellation, satellite communications, IoT, asset tracking, and telecommunications.
All verified mentions of this organization in source documents.
Apple held a 20% stake in Globalstar before the acquisition agreement.
Amazon and Globalstar have entered into a definitive merger agreement under which Amazon will acquire Globalstar.
Amazon will acquire Globalstar’s existing satellite operations, infrastructure, assets, and MSS spectrum licenses with global authorizations.
Amazon will operate Globalstar alongside Amazon Leo.
Amazon is acquiring Globalstar to support its long-term vision for Amazon Leo.
The Amazon acquisition values Globalstar at $11.57 billion and represents a 23.5% premium.
Globalstar’s existing and planned upcoming low Earth orbit satellite constellations are being manufactured by MDA Space.
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.
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.
SpaceX may also have interest in acquiring Globalstar.
Amazon is reportedly seeking to acquire Globalstar for approximately $9 billion.
Amazon’s reported bid to acquire Globalstar is approximately $9 billion.
Amazon is in talks to buy Globalstar.
Amazon is in discussions with Globalstar about potentially acquiring the company.
Globalstar has been Apple’s partner for emergency satellite messaging since 2022.
Apple holds a 20% stake in Globalstar.
Apple invested $1.5 billion in Globalstar in 2024 for a 20% equity stake.