Amazon to Acquire Globalstar in $11.57B Deal

news.law April 16, 2026

Amazon.com (AMZN.O), said on Tuesday it will acquire Globalstar (GSAT.O), in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk’s Starlink.

Tech companies are pouring billions of ‌dollars into capturing the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink’s 10,000-unit-strong network. Through the deal, Amazon adds Globalstar’s two dozen satellites to its existing network of more than 200.

Tuckers Pet Food to Acquire Nuggets Healthy Eats and Expand Product Line to Include Bone Broth

Man Shot by ICE Officers Charged with Assaulting a Federal Officer