Amazon is in advanced talks to acquire satellite operator Globalstar, aiming to challenge SpaceX’s Starlink.
Globalstar shares surged about 16% in pre‑market trading after the deal report, adding to a 273% gain over 12 months.
Apple holds a 20% stake in Globalstar, having invested $1.5 billion in 2024, which Amazon must negotiate with.
Amazon’s own “Leo” satellite constellation has roughly 180 satellites, far fewer than SpaceX’s over‑10,000, highlighting growth potential.