Amazon will buy all of Globalstar's shares for $90 each. In return, Amazon receives instant DTC capability for its Amazon Leo satellite internet service. Globalstar is the satellite communications company that helps Apple provide direct-to-cell communications services via its iPhones and Apple Watches.

Amazon announced plans April 14 to buy satellite operator Globalstar in an $11.57 billion deal, marking its entry into the emerging market for providing connectivity directly to mobile phones and other cellular devices.

Amazon is buying the company that makes your iPhone's satellite features work. The acquisition puts Amazon at the center of Apple's satellite features and sets the stage for a future where "no service" is a thing of the past.

With a SpaceX IPO pending, Amazon's Globalstar move spotlights its push to fuse satellite connectivity with AI-powered cloud services, today, April 14, 2026.

Amazon has recovered sharply from post-earnings lows, but massive capital spending, near-term margin pressure, and macro uncertainty warrant patience.