Amazon (AMZN) Plans Globalstar Acquisition for Satellite Expansion

Published on 4/3/2026 · Source: finance.yahoo.com

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Amazon (AMZN) Plans Globalstar Acquisition for Satellite Expansion

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Amazon.com, Inc. (AMZN) is in discussions to acquire Globalstar, a satellite telecom group, to enhance its Project Kuiper low Earth orbit satellite program. This initiative aims to strengthen Amazon's competitive stance against SpaceX's Starlink, which currently operates over 9,500 satellites. Amazon has launched 180 satellites and plans to build a 3,200-satellite constellation. The acquisition talks are complicated by Apple’s 20% stake in Globalstar, highlighting the intricate landscape of satellite telecommunications. KeyBanc Capital Markets recently described Amazon as a top stock due to its positioning in artificial intelligence and digital markets.

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About Amazon.com Inc. (AMZN)

Amazon is the largest U.S. e-commerce retailer and, through Amazon Web Services (AWS), the leading cloud-infrastructure provider, with growing advertising and logistics arms.

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