Amazon to Buy Apple's Share of Globalstar in Satellite Agreement
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| Source: Mastodon | Original article
Amazon to buy Apple's stake in Globalstar.
Amazon is set to acquire Apple's stake in Globalstar, a satellite communications company, as part of its $11.6 billion acquisition of Globalstar. This deal follows Apple's agreement to acquire a 20% stake in Globalstar, with the company committing 85% of its satellite capacity to Apple. As we reported on May 26, Amazon has been expanding its presence in the tech industry, including the development of serverless LangGraph multi-agent systems in AWS with Amazon Bedrock AgentCore.
The acquisition of Globalstar is significant, as it gives Amazon access to a network of two dozen satellites, boosting its ambitions to challenge SpaceX's Starlink, which has around 10,000 units in orbit. Amazon has promised to keep Globalstar's satellite service working for iPhone users, ensuring continuity of service. This move is part of a larger trend in the tech industry, where companies are investing heavily in AI and data deals, as seen in recent agreements between AP and OpenAI.
As the deal is expected to close in 2027, it will be important to watch how Amazon integrates Globalstar's satellite network into its existing operations and how this affects the company's competitive position in the market. Additionally, the implications of this acquisition on the future of satellite communications and the tech industry as a whole will be worth monitoring in the coming months.
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