Amazon Targets Globalstar Acquisition to Boost Satellite Push Against Starlink
Story: written by Joseph April 2,2026
Tech giant Amazon is reportedly in advanced discussions to acquire satellite communications company Globalstar in a deal valued at around $9 billion, as it intensifies efforts to compete with SpaceX and its Starlink network, according to reports from the Financial Times.
The move is part of Amazon’s broader strategy to expand its low-Earth orbit (LEO) satellite project, known as Project Kuiper (now branded as Leo). The company aims to build a global satellite internet system that can rival Starlink’s dominance in the sector.
News of the potential acquisition sent Globalstar’s shares soaring by more than 12% in premarket trading, reflecting investor optimism about the deal. In contrast, Amazon’s stock saw a slight decline amid concerns over the scale and cost of the investment.
Globalstar, based in Louisiana, operates a network of low-Earth orbit satellites that provide communication services across consumer and commercial markets. The company has seen its market value more than double over the past year, reaching an estimated valuation of about $8.8 billion.
According to reports, negotiations between Amazon and Globalstar are ongoing, with both sides working through complex issues related to the potential transaction. One key factor in the discussions is the involvement of Apple, which reportedly holds a 20% stake in Globalstar, requiring coordination between the three companies.
Amazon’s satellite ambitions are part of a larger race to dominate global internet-from-space services. Its Kuiper project has already begun launching satellites, with around 180 currently in orbit, and plans to deploy thousands more in the coming years.
Meanwhile, SpaceX’s Starlink remains the market leader, with a vast constellation of over 9,000 satellites serving millions of users worldwide, including governments, businesses, and individual consumers. The service is a major revenue driver for SpaceX and a key part of its long-term growth strategy.
The competitive push is intensifying as SpaceX reportedly explores plans for a possible initial public offering, which could become one of the largest listings in history if finalized.
If completed, Amazon’s acquisition of Globalstar could significantly accelerate its ability to challenge Starlink and reshape the future of global satellite internet services.
