FCC approves Amazon Leo's $11.57 billion acquisition of Globalstar
The Federal Communications Commission gave its approval for Amazon Leo's purchase of Globalstar on October 27, 2026. The transaction is valued at $11.57 billion. Amazon Leo, which has launched more than 300 satellites since April 2025, will add Globalstar's two dozen satellites to its existing constellation of over 200. The deal is intended to accelerate Amazon's low‑orbit satellite network toward a target of about 3,200 satellites by 2029.
Why it matters
The regulatory clearance removes a key obstacle, allowing Amazon to integrate Globalstar's assets and expand its satellite broadband service, which could boost future revenue streams. Globalstar shareholders will receive cash for the acquisition, affecting the company’s valuation.
Key facts
- 1The FCC approved Amazon Leo’s $11.57 billion acquisition of Globalstar. investing.com
- 2Amazon Leo has launched more than 300 satellites since April 2025. investing.com
- 3Amazon aims to deploy about 3,200 low‑orbit satellites by 2029. investing.com
- 4The deal adds Globalstar’s two dozen satellites to Amazon’s existing network of more than 200 satellites. investing.com
- 5The approval was announced on October 27 2026. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.