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Amazon to acquire Globalstar for $11.6 billion

PRIVATEOct 11, 2026

Acquiring Company

Amazon

Acquired Company

Globalstar

SeattleCovingtonFinancial ServicesSoftwareFinanceFintechLendingwriting & editingInformation TechnologyHardwareSoftwareAnalyticsSatellite CommunicationWireless

Description

Amazon has agreed to acquire Globalstar in a deal valued at approximately $11.6 billion. The acquisition will provide Amazon with Globalstar's spectrum, satellites, and ground infrastructure. Shareholders can choose between cash or Amazon shares for their shares. The transaction is anticipated to close in 2027, pending regulatory approvals.

Company Information

Company

Amazon

Location

Seattle, Washington, United States

About

In a statement, an Amazon spokesperson told TechCrunch that the loan adds to the range of financing options the company has tapped in recent months to hedge against the “uncertain macroeconomic environment.”“Like all companies we regularly evaluate our operating plan and make financing decisions — like entering into term loan agreements or issuing bonds — accordingly,” the spokesperson said via email. Provided by DBS Bank, Mizuho Bank and others, the loan — which will mature in 364 days (January 3, 2024), with an option to extend for another 364 days — be used for “general corporate purposes,” Amazon said in a filing with the U.S. Securities and Exchange Commission. Amazon had about $35 billion in cash and cash equivalents and long-term debt of about $59 billion at the end of the third quarter ended September 30, Reuters reports.

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Frequently asked

Who acquired Globalstar?

Globalstar was acquired by Amazon, based in Seattle. The deal was reported on October 11, 2026. Amazon is privately held and operates in Financial Services.

When did Amazon acquire Globalstar?

Amazon's acquisition of Globalstar was reported on October 11, 2026. Amazon has agreed to acquire Globalstar in a deal valued at approximately $11.6 billion. The acquisition will provide Amazon with Globalstar's spectrum, satellites, and ground infrastructure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Globalstar do?

Globalstar empowers its customers to connect, transmit and communicate in smarter ways – easily, quickly, securely and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. It is publicly traded (GSAT), operating in Information Technology, and is based in Covington.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.