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Amazon to buy Globalstar to bolster Leo satellite business in deal worth about $11.6 billion

Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.

1 report1 sourceApr 14, 2026, 4:10 PM
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CNBCApr 14, 2026, 4:10 PM

Amazon to buy Globalstar to bolster Leo satellite business in deal worth about $11.6 billion

Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.

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