Amazon to Acquire Globalstar for $11.57 Billion

The Deal Amazon has agreed to acquire satellite operator Globalstar for approximately $11.57 billion, according to a report by Tech Startups. The transaction was announced on April 14, 2026, at a price of $90 per share. The move is one of Amazon 's largest strategic acquisitions in recent years and signals its commitment to the satellite broadband market. Globalstar operates a fleet of low Earth orbit satellites used for voice, data, and emergency services. From Project Kuiper to Amazon Leo The acquisition accelerates Amazon's satellite internet ambitions, which have been reorganized under a new brand. The initiative, previously known as Project Kuiper, has reportedly been rebranded to Amazon Leo. Amazon Leo aims to deliver low-latency broadband from a constellation of satellites in low Earth orbit. Absorbing Globalstar's existing infrastructure, spectrum rights, and engineering teams gives Amazon a meaningful head start in a market dominated by SpaceX's Starlink. What Changes for the Satellite Broadband Market The satellite broadband race has intensified over the past three years, with players competing for commercial, consumer, and defense contracts. Amazon's entry as a direct owner of satellite assets, rather than a pure newcomer, reshapes the competitive landscape. Globalstar's spectrum holdings, particularly in the S-band, are a core asset of the deal. The integration is expected to take time, and Amazon will need to align Globalstar's legacy services with its newer Amazon Leo architecture. Satellite connectivity is becoming a strategic layer of the internet. Amazon's move puts it in direct competition with SpaceX's Starlink and positions satellite broadband as a mainstream offering rather than a niche service. The deal also signals that legacy satellite operators are becoming attractive takeover targets for hyperscalers looking to expand their infrastructure footprint. For MENA markets, where satellite internet adoption is climbing, a better-funded and more ag