Amazon Weighs Globalstar Acquisition to Bolster Satellite Internet Ambitions

Globalstar shares surged 15% following reports that Amazon is considering an acquisition of the satellite communications firm. Negotiations are reportedly complex, partly because Apple owns a 20% stake in Globalstar and utilizes its 24 satellites to power emergency messaging on iPhones. Amazon's Project Kuiper, which recently secured a deal with Delta Air Lines, currently has only about 200 satellites in orbit, a small fraction compared to the 10,000+ active satellites operated by SpaceX’s Starlink. Analysts note that Globalstar’s constellation is older and operates in higher orbits than modern high-speed broadband networks, presenting unique integration challenges. This potential move signals Amazon's aggressive strategy to close the massive infrastructure gap with its competitors. Investors remain focused on whether Amazon can navigate these ownership and technical hurdles to secure a stronger foothold in the space-based connectivity market.