Trending Now - Amazon's Bid for Globalstar Boosts Stock Amid Spacex Rivalry

WHO:

Fast Company - Amazon is in talks to acquire Globalstar, Inc.

Fast Company - Apple owns 20% of Globalstar.

Fast Company - Elon Musk's SpaceX operates the Starlink satellite internet service.

WHAT:

Fast Company - Globalstar's stock price rose nearly 14% to around $78 per share following acquisition rumors.

Fast Company - Globalstar's stock closed at $68.53 the previous day, valuing the company at approximately $9 billion.

Fast Company - Globalstar's shares have increased over 12% for the year and 230% over the past 12 months.

Ars Technica - Amazon is building a competing high-speed satellite internet service called Leo.

WHERE:

Fast Company - Globalstar operates a network of low Earth orbit satellites.

WHEN:

Fast Company - The Financial Times reported on April 1st, 2026, that Amazon was in talks to acquire Globalstar.

Fast Company - Apple made a $1.1 billion investment in Globalstar in 2024.

WHY:

Fast Company - Amazon's interest in acquiring Globalstar is to gain access to its satellite network to better compete with SpaceX's Starlink service.

Fast Company - Apple invested in Globalstar to help expand its infrastructure for the "Emergency SOS" features on the iPhone and Apple Watch.

HOW:

Fast Company - Amazon's acquisition of Globalstar would allow it to add the company's satellites to its existing fleet and acquire its technology and expertise.

(UPDATED April 2, 2026 15:18 UTC)

Amazon is currently in talks to acquire Globalstar, Inc., a move that has sent Globalstar's stock soaring nearly 14% to around $78 per share, following a previous close of $68.53, which valued the company at about $9 billion. Globalstar operates a network of low Earth orbit satellites, and Amazon's interest in the acquisition is aimed at enhancing its capabilities to compete with SpaceX's Starlink satellite internet service. Apple, which owns 20% of Globalstar and invested $1.1 billion in 2024, has been leveraging the company's infrastructure to bolster its "Emergency SOS" features on devices like the iPhone and Apple Watch.