Key Takeaways
- Satellite communications provider Globalstar (GSAT) is reportedly the target of an Amazon acquisition bid valued at approximately $9 billion.
- According to Bloomberg sources, the deal announcement could come as soon as Tuesday, April 15.
- Shares of Globalstar climbed approximately 15.7% during premarket hours on the news.
- The acquisition faces potential complications from Apple’s 20% ownership position — a $1.5 billion investment made in 2024.
- Over the past year, Globalstar shares have skyrocketed 273%, driven largely by acquisition rumors.
E-commerce giant Amazon has entered advanced negotiations to acquire satellite communications firm Globalstar, Bloomberg reported Monday. The transaction, estimated at roughly $9 billion, sent GSAT shares climbing about 15.7% before markets opened.
AMAZON $AMZN IN TALKS TO BUY $9 BILLION SATELLITE GROUP GLOBALSTAR – Financial Times pic.twitter.com/yxE8rEpayk
— Evan (@StockMKTNewz) April 1, 2026
Sources with knowledge of the discussions told Bloomberg that an official announcement could arrive by Tuesday, depending on final negotiations.
Should the transaction proceed, Amazon would gain immediate access to an established low Earth orbit (LEO) satellite infrastructure — positioning itself as a formidable competitor to SpaceX’s dominant Starlink network.
Amazon’s satellite ambitions center around Project Kuiper, its internally developed satellite internet initiative. However, with only around 180 satellites currently deployed versus SpaceX‘s fleet exceeding 10,000 units, acquiring Globalstar would provide a substantial leap forward in operational capacity.
This latest Bloomberg revelation comes on the heels of a Financial Times report earlier in April suggesting similar acquisition talks. The convergence of these reports has bolstered investor belief that a deal may be imminent.
Apple’s Investment Creates Deal Complexity
A significant obstacle looms over the potential transaction: Apple’s approximately 20% equity position in Globalstar, acquired through a $1.5 billion investment in 2024. This investment enabled Globalstar to support satellite-based emergency SOS functionality for iPhone devices.
To finalize any acquisition, Amazon would need to reach an arrangement with Apple regarding this substantial stake. The challenge extends beyond simple equity transfer — Apple relies on Globalstar’s satellite services for critical iPhone features while simultaneously holding major ownership.
How Apple will respond to a potential Amazon takeover remains unclear, particularly given the competitive dynamics between these tech giants across multiple sectors.
Spectacular Twelve-Month Performance
Globalstar’s stock has been anything but quiet. Shares have surged 273% over the trailing twelve months, fueled predominantly by mounting speculation that its LEO satellite assets would attract acquisition interest.
The company’s current market capitalization hovers around $9.41 billion, with typical daily trading volume averaging approximately 833,000 shares.
With acquisition talks reportedly centered on a $9 billion valuation, market participants are scrutinizing whether Amazon will offer a premium above current trading levels — and how Apple’s dual role as major shareholder and service customer will influence the final outcome.
Year-to-date, Globalstar has posted gains of roughly 19.86% entering this trading week.
During Monday’s premarket session, GSAT shares were trading up approximately 15.7%.
