Amazon acquires Globalstar for $11.6B

The deal allows Amazon to integrate Globalstar's wireless spectrum and assets into its upcoming 'Project Leo' satellite constellation.

By adding direct-to-cell capabilities, Amazon aims to provide global connectivity for smartphones and IoT devices without the need for specialized hardware.

This move is seen as a major consolidation in the low-Earth orbit satellite market, which has become a primary battleground for big tech.

Analysts suggest the acquisition will accelerate Amazon's timeline for launching its commercial internet services by late 2026.