Amazon to buy Globalstar for $11.57 billion — $90 a share — with satellite-replacement strings attached

Deal details

It has been reported that Amazon has agreed to acquire satellite operator Globalstar for $11.57 billion, paying $90 per share in a move that immediately turns heads in the commercial space race. The price will hand Globalstar investors a tidy exit and give Amazon control of a fleet and spectrum that could be useful for its ambitions in low-Earth orbit connectivity.

Conditions on the purchase

The agreement is conditional. Reuters says the deal requires Globalstar to meet certain HIBLEO-4 replacement satellite milestones before closing. In plain terms: Amazon is buying the company, but only if key satellites are replaced on time — milestones that matter to service continuity and regulatory compliance.

Why it matters

This isn’t just another acquisition. Amazon’s playread: shore up Project Kuiper and press on SpaceX’s Starlink, turning the “satellite internet” contest into an even hotter arena. Regulatory reviews and technical delivery risks remain. Will this bold bet move the needle against an entrenched rival? For now, the battle lines are clearer — and the stakes higher — than before.

Sources: reuters.com