Amazon has agreed to acquire Globalstar's low-Earth orbit satellite network for $11.57 billion, which will enhance its upcoming Leo internet satellite constellation and maintain support for satellite services like Emergency SOS for Apple devices. The deal is expected to close in 2027, pending regulatory approval.
Amazon's acquisition of Globalstar's low-Earth orbit satellite network for $11.57 billion, alongside its spectrum licenses, positions Amazon's upcoming Leo internet satellite constellation as a significant player in the satellite internet market. This move not only strengthens Amazon's competitive edge against other satellite internet providers like SpaceX's Starlink but also highlights the strategic importance of integrating direct-to-device services, enhancing connectivity for Apple devices as part of the deal. For those tracking space tech investments, this deal signals Amazon's commitment to expanding its satellite infrastructure and services, with regulatory approval expected by 2027.