- Amazon said it will acquire Globalstar for $90 per share in a deal valued at about $11.57 billion
- The deal includes a partnership with Apple, which has been using Globalstar’s satellites for its SOS text service
- Amazon is targeting early 2028 for the launch for its direct-to-device satellite service
And the winner in the race for Globalstar is… Amazon!
Fierce previously reported that SpaceX appeared to be the frontrunner. Then a report surfaced that Amazon was in talks to buy the satellite telecom company. Now it’s officially official: Amazon is buying Globalstar in a $11.57 billion deal that will give the tech giant a bigger boost in its rivalry with Starlink.
Under the deal, Amazon will get access to Globalstar’s constellation of 24 satellites, which will co-exist with Amazon’s Leo broadband system and planned direct-to-device (D2D) satellite system.
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