Gate News message, April 15 — Amazon announced on April 14 (local time) that it will acquire satellite communications company Globalstar for $11.6 billion (approximately 17 trillion Korean won), according to Bloomberg and other outlets. The deal combines Amazon stock and up to $90 per share in cash, with the transaction expected to close in 2027.
The acquisition gives Amazon access to critical wireless spectrum licenses essential for expanding satellite-to-mobile services. Amazon plans to launch direct-to-device services in 2028, allowing mobile devices to connect directly to satellites without traditional cell towers. Apple’s emergency messaging service will also transition to Amazon’s Project Kuiper satellite network.
Amazon’s Project Kuiper currently operates about 200 satellites in limited commercial testing, targeting over 7,700 satellites long-term. In contrast, SpaceX’s Starlink has already deployed approximately 10,000 satellites and serves 10 million users globally. SpaceX is accelerating its direct-to-device market entry through partnerships with T-Mobile, while competitors like AST work with AT&T and Verizon.
Globalstar shareholders can choose up to $90 cash per share or 0.32 Amazon shares, with cash payments capped at 40% of the total. This marks Amazon’s second-largest acquisition after Whole Foods. FCC Chairman Brendan Carr expressed support for the deal, noting it could introduce a new competitor to the satellite communications market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Geopolitical Tensions Push Packaging Costs Higher; PepsiCo Signals Potential Price Increases
PepsiCo warns that rising geopolitical tensions may lead to increased product costs, prompting potential price hikes. The company reported strong Q1 2026 earnings and plans to utilize supply chain and productivity improvements to manage inflation, while other consumer brands also signal possible price increases.
GateNews26m ago
Adata and Jay Chou raking in big money? GD’s talent agency secretly meets with Dubai’s royal family to discuss an IPO, AI, and robots
South Korean entertainment technology company Galaxy Corporation has recently moved into the Middle East market, established the Dubai entity “Galaxy ME,” and met with members of the UAE royal family to explore the integration of AI and content. The company has selected an underwriter to carry out its IPO; last year, revenue reached 300 billion Korean won, and it has attracted investments from Jay Chou and Adata, among others. This move is intended to drive the development of the Middle East entertainment ecosystem and underscores the importance of its globalization strategy.
ChainNewsAbmedia1h ago
SpaceX Accelerates Stock Vesting Ahead of Potential IPO
SpaceX has moved employee stock award vesting from May to April ahead of a planned IPO, targeting a valuation above $2 trillion. The changes could impact employees’ tax liabilities and financial risk, as many hold substantial equity in the company.
CryptoFrontier1h ago
Together with TSMC, Darfon is moving into optical communications. Dali Guang Lin Enping is too honest! He even said publicly that CPO is still a long way off, and the stock price plunged 7%.
Largan Precision has recently moved into AI data center co-packaged optics (CPO) technology, which has attracted market attention. However, at a shareholder meeting, Chairman Lin En-ping said that it is actually still in the preparation stage, and that mass production is still one to two years away, leading to an approximately 7% drop in the stock price. The company is currently focused on developing fiber array components, emphasizing the opportunity for rapid alignment of emerging technologies.
ChainNewsAbmedia1h ago
Circle Stock Falls After $280M Drift Protocol Hack Lawsuit Filed
Circle Internet Group's stock fell 1% after a class action lawsuit alleged it failed to prevent $230 million in stolen USDC during the Drift Protocol exploit. The lawsuit questions Circle's ability to halt the attackers' transactions, raising issues of responsibility for stablecoin issuers in breach scenarios.
GateNews1h ago
