Amazon’s bet on satellites is expensive and faces fierce competition. It also just might work
Summary
Amazon announced a planned acquisition of satellite operator Globalstar for about $11.6 billion to accelerate its Amazon Leo satellite internet effort. The deal aims to bolster Leo's broadband launch (commercial service slated for mid-2026) and speed deployment of direct-to-device (D2D) services targeted for 2028 by leveraging Globalstar's spectrum licenses and satellite assets. The move narrows the gap with incumbent SpaceX Starlink and supports integration opportunities with AWS and Amazon's retail, logistics, and enterprise customers. The acquisition still needs regulatory approval and highlights Amazon's strategic push into connectivity despite heavy near-term capital spending.
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IoT Software
Embedded Software
Developer Tools
Linked Companies
Globalstar, Inc.
$25M to $50M
Amazon
$1B+