FCC Approves Amazon's $11.5 Billion Acquisition of Globalstar

Key Facts

The US Federal Communications Commission approved Amazon Leo's acquisition of Globalstar in a deal valued at $11.5 billion. Benzinga reported that the regulatory clearance includes the purchase of approximately 25MHz of internationally harmonized mobile-satellite service spectrum. The regulator found that the transaction is likely to enhance data coverage in underserved areas and strengthen emergency communications without presenting material public-interest harms.

Amazon was trading at $246.22 on October 29, 2026, reaching a session high of $249.14. Meanwhile, Globalstar closed at $84.07 on October 28, 2026. This approval enables Amazon Leo to build and launch an authorized system providing fixed and mobile services to residential, business, and government customers, positioning the company to compete directly in the expanding Direct-to-Device sector.