Lynch James F sold $9.0M of GSAT (indirect holdings)

Amazon is in talks to acquire Globalstar for $9 billion to boost its satellite internet project, Project Kuiper. Apple, which holds a 20% stake in Globalstar and has exclusive network access, is a key player in the negotiations. Globalstar's revenue grew 9% to $273 million in 2025. The outcome may impact future iPhone features and satellite communication markets.

Amazon will acquire Globalstar, partnering with Apple to use its 'Leo' satellite network for iPhone and Apple Watch features like Emergency SOS and satellite messaging. Apple's 20% stake in Globalstar was a negotiation point. The deal, expected to close in 2027, aims to enhance connectivity and compete with SpaceX's Starlink.

Amazon (AMZN) agreed to acquire Globalstar (GSAT) for a 23% premium, offering $90 per share or 0.3210 AMZN shares. The deal aims to expand Amazon's satellite-to-phone communications. GSAT stock rose over 10% in premarket trading. Amazon also partnered with Apple (AAPL) for satellite connectivity features on iPhones and Apple Watches.

Globalstar (GSAT) shares rose 15% after reports of Amazon (AMZN) considering an acquisition, potentially accelerating its broadband network against SpaceX's Starlink. Amazon has signed airline deals for in-flight Wi-Fi. A final agreement is not yet reached, and talks may change or fail. Apple holds a 20% stake in Globalstar, influencing any takeover. The FCC is set to vote on spectrum-power limit revisions that could boost satellite broadband capacity.

Globalstar (GSAT) launched 8 new satellites, a key milestone for Amazon's $11.6B acquisition. The satellites support emergency services and are part of the HIBLEO-4 program. The deal, pending regulatory approval and satellite milestones, is expected to close in 2027. Globalstar's Q2 2026 revenue was $64.8M, with high IoT subscriber activations.

Globalstar successfully launched eight HIBLEO-4 satellites into LEO on a SpaceX Falcon 9 rocket. These are part of 17 satellites needed to maintain service continuity. The satellites, built by MDA Space, support Globalstar's SPOT service for emergency communications. Amazon is acquiring Globalstar for $11.57B, with Apple as a key customer. Rocket Lab's shares rose 4.3% post-launch.