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Amazon could purchase satellite company Globalstar - report
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Amazon is reportedly looking to acquire satellite company Globalstar.
Key facts
- Launched in 1991 as a joint venture of Loral Corporation and Qualcomm, Globalstar's first-generation constellation consists of 48 low-Earth orbit (LEO) satellites, with an additional four satellites
- The company had agreed to deploy 1,600 satellites by July 2026, half of its planned 3,236 satellite constellation
- Apple purchased the stake in November 2024 in an equity deal worth around $400 million
- In January, Amazon Leo sought a 24-month extension to its satellite rollout due to launch shortages
Summary
The Financial Times, citing sources familiar with the deal, said lengthy talks were taking place, complicated by Apple’s 20 percent stake in Globalstar. Apple purchased the stake in November 2024 in an equity deal worth around $400 million. Late last year, it was reported that Globalstar was exploring the sale of the company, with SpaceX speculated as a prospective buyer. Launched in 1991 as a joint venture of Loral Corporation and Qualcomm, Globalstar's first-generation constellation consists of 48 low-Earth orbit (LEO) satellites, with an additional four satellites in orbit as spares, while its second-generation constellation comprises 24 spacecraft. An Amazon acquisition of Globalstar would strengthen the company’s ambitions to compete with SpaceX’s orbital internet provider, Starlink.