#GlobalStar

Apple won't be holding onto its 20% stake in Globalstar once Amazon's acquisition of the satellite firm concludes, with the shares set to be held by a "Grapefruit" company instead.

Amazon plans on taking over Apple’s 20% stake in Globalstar, following the acquisition of the satellite connectivity company.

Amazon's $11.57 billion acquisition of Globalstar, detailed in a May 2026 FCC filing, includes taking Apple's 20% stake via a new subsidiary.…

Globalstar satellites, radio frequency spectrum, and operational expertise will enable Amazon Leo to add Direct-to-Device (D2D) services to future generations of its low Earth orbit satellite network.

Amazon and Globalstar have entered into a definitive merger agreement valued at approximately $11.57 billion. Under the terms of the deal, Amazon...

Amazon's $1.2 billion acquisition of satellite operator Globalstar gives it operational space infrastructure, valuable spectrum licenses, and a competitive foothold against SpaceX's Starlink as tech giants race to control the next generation of global…

Amazon has today announced it is merging with satellite internet provider Globalstar Inc. to bolster Leo, its Starlink rival. Globalstar isn’t a household name but you do know its work, as it provides Apple’s emergency satellite connectivity for…