JUMPSEAT
AEROSPACE NEWS

Amazon Acquires Globalstar for $11.6 Billion

Key Takeaways
  • Amazon acquires Globalstar for $11.6 billion.
  • Deal adds direct-to-device services to Amazon's LEO satellite network.
  • Acquisition includes agreement with Apple for satellite services.
  • Globalstar's assets to integrate with Amazon's Leo and AWS.
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Strategic Implications

This acquisition may give Amazon a foothold in the satellite services market, but it suggests the company still faces challenges in catching up with Starlink. The deal could indicate a shift towards vertically integrated infrastructure plays, which may benefit Amazon in the long term.

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What Happened

Ecommerce Giant Expands Satellite Network Capabilities

Amazon has announced the acquisition of Globalstar in a $11.6 billion deal, expanding its low Earth orbit (LEO) satellite network capabilities. The acquisition includes an agreement with Apple to provide satellite services for iPhones and Apple Watches. According to analysts, the deal is a win-win for all parties involved, but it may not be enough for Amazon to catch up with Starlink. The acquisition was reported by RCR Wireless News.

Source

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JUMPSEAT
AEROSPACE NEWS
JUMPSEAT
AEROSPACE NEWS

Amazon Acquires Globalstar for $11.6 Billion

Sponsored by: Jumpseat Solutions
Key Takeaways
  • Amazon acquires Globalstar for $11.6 billion.
  • Deal adds direct-to-device services to Amazon's LEO satellite network.
  • Acquisition includes agreement with Apple for satellite services.
  • Globalstar's assets to integrate with Amazon's Leo and AWS.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This acquisition may give Amazon a foothold in the satellite services market, but it suggests the company still faces challenges in catching up with Starlink. The deal could indicate a shift towards vertically integrated infrastructure plays, which may benefit Amazon in the long term.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Ecommerce Giant Expands Satellite Network Capabilities

Amazon has announced the acquisition of Globalstar in a $11.6 billion deal, expanding its low Earth orbit (LEO) satellite network capabilities. The acquisition includes an agreement with Apple to provide satellite services for iPhones and Apple Watches. According to analysts, the deal is a win-win for all parties involved, but it may not be enough for Amazon to catch up with Starlink. The acquisition was reported by RCR Wireless News.

Source

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