Amazon isn’t just buying Globalstar — it’s inheriting Apple’s satellite roadmap.
The Seattle-based company’s agreement to acquire the satellite operator behind Apple’s iPhone Emergency SOS feature promises to give it a new constellation of operating satellites, a key slice of mobile spectrum, and Apple as a flagship partner.
The cash-and-stock deal, announced Tuesday, will help the Amazon Leo satellite broadband business press fast-forward in its attempt to catch up with Elon Musk’s Starlink.
Amazon told GeekWire the transaction was valued at approximately $10.8 billion as of April 9, when the exchange ratio was fixed. This differs from the slightly higher figure reported by multiple news outlets Tuesday. The value will fluctuate with Amazon’s share price until closing, capped at $90 worth of Amazon stock per Globalstar share.
Apple is already Globalstar’s biggest customer. In 2024, it committed about $1.5 billion to the company — a combination of prepayments for satellite services and a 20% equity stake in a Globalstar subsidiary — in exchange for the right to most of its network capacity.
Under a separate long-term agreement announced along with the deal, Amazon Leo will power satellite features on future iPhone and Apple Watch models, including Emergency SOS, messaging, Find My location sharing, and roadside assistance. Amazon will also continue supporting the Apple devices that already rely on Globalstar’s existing network.
Amazon renamed its satellite venture from Project Kuiper to Amazon Leo in November, a move the company framed at the time as a key step toward commercial service.
On Monday, a day before the Globalstar announcement, Amazon Leo unveiled a new aviation antenna capable of delivering gigabit download speeds to aircraft, part of the build-out for its Delta and JetBlue in-flight Wi-Fi deals.
The acquisition agreement values Globalstar at $90 per share in cash or stock and is expected to close in 2027, pending regulatory approval. Thermo Funding, which controls 57.6% of Globalstar, has already agreed to the deal, according to an SEC filing, meaning no shareholder vote is required.
Globalstar, based in Covington, La., currently operates about two dozen satellites in low Earth orbit. It is in the middle of a major expansion, backed by Apple, that will grow the fleet to 54 satellites. It also holds licensed mobile-satellite spectrum — a scarce and tightly regulated asset that is difficult for newer entrants like Amazon to acquire.
Starlink operates about 10,000 satellites and serves more than 9 million subscribers. Amazon has launched about 200 satellites and has yet to begin consumer service.
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