Key Takeaways
- Amazon is reportedly in late-stage negotiations to purchase satellite communications provider Globalstar (GSAT) for approximately $9 billion.
- According to Bloomberg’s sources, an announcement could come as soon as Tuesday, April 15.
- Shares of Globalstar jumped approximately 15.7% during premarket hours on Monday following the disclosure.
- Apple’s 20% ownership stake in Globalstar — stemming from a $1.5 billion investment last year — presents potential complications for the transaction.
- GSAT shares have climbed 273% in the past year, driven largely by acquisition rumors.
E-commerce giant Amazon is reportedly pursuing an acquisition of satellite communications firm Globalstar, with Bloomberg sources indicating a deal valuation near $9 billion. The Monday morning report triggered a premarket surge of roughly 15.7% for GSAT shares.
AMAZON $AMZN IN TALKS TO BUY $9 BILLION SATELLITE GROUP GLOBALSTAR – Financial Times pic.twitter.com/yxE8rEpayk
— Evan (@StockMKTNewz) April 1, 2026
According to Bloomberg’s report, which cited individuals with knowledge of the discussions, a formal announcement may arrive as early as this Tuesday.
Should the acquisition move forward, it would provide Amazon with an expedited path toward expanding its low Earth orbit (LEO) satellite constellation — positioning the company to compete more directly with SpaceX’s dominant Starlink network.
Amazon has been developing its satellite internet initiative under the Project Kuiper banner. However, its current fleet stands at roughly 180 satellites in orbit, a fraction of the more than 10,000 operated by SpaceX. Acquiring Globalstar would substantially fast-track Amazon’s ambitions in the satellite broadband space.
This latest Bloomberg disclosure builds on a previous Financial Times report earlier this month suggesting Amazon was close to securing a Globalstar deal. The repeated reporting from credible sources has bolstered investor expectations that a transaction is imminent.
Apple’s Investment Creates Deal Complexity
A significant challenge in the potential acquisition involves Apple’s existing position. The tech giant owns approximately 20% of Globalstar following a $1.5 billion capital injection in 2024. That investment enabled satellite-based emergency SOS capabilities for iPhone devices.
Completing any acquisition would require Amazon to work directly with Apple regarding its substantial equity position. This represents a non-trivial negotiation, given Apple’s dual role as both a major service customer and a large shareholder in Globalstar.
How Apple might react to having Amazon — a competitor across multiple product categories — take control of Globalstar remains unclear.
Shares Already on a Major Upward Trajectory
Globalstar stock has been anything but quiet lately. Shares have surged 273% over the trailing twelve months, propelled primarily by market speculation around its LEO satellite assets attracting potential buyers.
The satellite operator currently maintains a market capitalization hovering around $9.41 billion, with typical daily trading volumes near 833,000 shares.
Given that the reported deal price sits around $9 billion, market participants are eager to learn whether Amazon will offer a premium over current trading levels — and what role Apple will ultimately play in the transaction.
Globalstar has delivered year-to-date gains of approximately 19.86% entering this week.
During Monday’s premarket session, GSAT shares were trading higher by about 15.7%.
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