Amazon Buys Globalstar for $11.6B

The deal significantly expands Amazon's footprint in the low-Earth orbit satellite market, providing access to Globalstar's valuable spectrum licenses and existing infrastructure.

As part of the merger, Apple will source satellite services for its iPhone and Apple Watch features from Amazon Leo, resolving previous negotiation hurdles.

Analysts suggest the acquisition is a direct response to the rapid growth of Starlink, though Amazon still faces a significant launch bottleneck.

The move is expected to accelerate the global rollout of satellite-based mobile and internet services by 2028.