Wed May 27 2026, 02:12 PM EDT · 1 minute read Messages via Satellite - Image Credit: Pixabay/Terry McGraw 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. On April 14, Amazon agreed to acquire satellite service provider Globalstar in an $11 billion deal. The purchase adds Globalstar to Amazon's existing satellite portfolio, which includes its Leo business. However, Apple holds 20% of the shares in Globalstar, under a $1.1 billion commitment from 2024, which included a $400 million share purchase. Once the deal concludes, it won't be holding onto the shares, nor the accompanying voting rights. In a filing with the FCC dated May 26, 2026, Amazon and Globalstar ask the regulator to permit the transfer of licenses and authorizations between the two companies. This is one of the key elements needed for the acquisition to complete in the United States.…