Amazon is in talks to purchase satellite tv for pc telecommunications group Globalstar because it ramps up efforts to construct its personal low-Earth-orbit satellite tv for pc enterprise to rival SpaceX’s Starlink, the Monetary Occasions reported on Wednesday (paywall), citing individuals accustomed to the matter.
Globalstar’s shares, which have greater than doubled in market worth over the previous yr, surged 24% to US$85 in prolonged buying and selling following the report. The corporate had a market cap of $8.8-billion as of final shut.
Covington, Louisiana-headquartered Globalstar is thought for its low-Earth-orbit communication satellites and presents voice, knowledge and asset-tracking companies throughout enterprise, authorities and shopper markets.
Amazon and Globalstar have been nonetheless negotiating a few of the complexities of a possible deal after prolonged talks, in response to the report.
One complicating issue has been Apple’s possession of a 20% stake in Globalstar, necessitating negotiations between Amazon and Apple, the report mentioned.
Globalstar didn’t instantly reply to a request for remark. Amazon declined to remark.
The reported deal comes as Amazon deploys Leo, previously often known as Mission Kuiper, involving 3 200 satellites. Amazon’s community could be the closest rival to Elon Musk’s Starlink, which operates a community of greater than 9 500 satellites.
Comparable prospects
Starlink companies greater than 9 million customers globally, and generates 50-80% of SpaceX’s income. Its companies span particular person customers, companies and governments, together with US nationwide safety companies via its Starshield variant.
Learn: Starlink considers constructing its personal cellphone
Amazon’s Leo, with 180 satellites in orbit to this point, is focusing on related prospects. — Akanksha Khushi, (c) 2026 Reuters
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