Amazon to Buy Globalstar for $11.57B, Expanding Leo
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- Amazon entered a definitive merger agreement to acquire Globalstar.
- Globalstar is slated to close the acquisition in 2027.
- Amazon will pay $11.57 billion for Globalstar.
- Leo network will be expanded by the acquisition.
- Apple will use Leo to power satellite services on the iPhone and Apple Watch.
Why it matters: The transaction gives Amazon a larger low‑earth‑orbit constellation, strengthening its Leo service and positioning the company to rival SpaceX’s Starlink, while Apple secures a dedicated satellite link for iPhone and Watch, enhancing its emergency‑call and connectivity features, and expanding its market reach.
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