Amazon has agreed to acquire satellite operator Globalstar for $11.57 billion, paying $90 per share in cash or stock. The deal, contingent on Globalstar meeting certain HIBLEO-4 replacement satellite milestones, is expected to close in 2027.
Amazon will expand its satellite infrastructure through the acquisition of Globalstar, strengthening its low earth orbit (LEO) operations. The deal values each Globalstar share at $90, with Amazon offering flexibility in payment through cash, stock, or a combination of both.
The transaction includes performance conditions tied to Globalstar's HIBLEO-4 replacement satellite program, meaning the deal's completion depends on meeting specific technical and operational benchmarks.
The acquisition supports Amazon's broader ambitions in space-based connectivity. Apple has already partnered with Amazon to leverage LEO satellite technology for certain iPhone and Apple Watch services, demonstrating commercial demand for satellite-powered features.
Globalstar operates a constellation of satellites enabling voice and data transmission globally. The company has positioned itself as a key player in emergency communications and IoT connectivity. Amazon's acquisition signals the tech giant's commitment to vertical integration in the satellite sector, rather than relying solely on third-party providers.
The 2027 closing timeline provides Globalstar with operational runway to complete critical satellite deployments while Amazon conducts full due diligence. This extended timeline also allows both companies to align technical specifications and service offerings.
The deal represents Amazon's significant bet on satellite infrastructure as a competitive differentiator. Combined with existing investments in Project Kuiper—Amazon's own satellite internet initiative—the Globalstar acquisition could accelerate deployment timelines and enhance service capabilities across Amazon's growing portfolio of satellite-dependent products and services.
Regulatory approval will be required before the deal can close, though the transaction structure and technical nature suggest standard approval pathways.
Singapore-based Datagrid has secured approval to build a NZ$3.5bn AI datacentre in Makarewa, southern New Zealand, but residents are demanding greater transparency over environmental concerns.
Major European software companies including SAP, Capgemini, Nemetschek, Hexagon, and Dassault reported better-than-expected earnings this season, defying concerns about AI disruption and geopolitical uncertainty.
Microsoft's carbon emissions jumped 25 percent last year to 34 million metric tons, according to the company's 2026 sustainability report. The increase threatens the tech giant's climate commitments.
Standard Chartered CEO Bill Winters apologized for describing employees facing AI-driven layoffs as "lower-value human capital." The comments sparked regulatory scrutiny and union backlash as the bank prepares to cut approximately 7,800 jobs.