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Amazon's pending acquisition of Globalstar

Amazon's pending acquisition of Globalstar

Money Moves

SpaceX launches replenishment satellites as closing conditions advance

7 days ago: Falcon 9 launches HIBLEO-4 batch

Overview

A SpaceX Falcon 9 lifted off from Cape Canaveral on Sunday morning carrying replacement satellites Globalstar needs to keep its mobile network alive. The same launch ticks off one of the conditions Amazon set before paying about $10.7 billion to buy the company.

The HIBLEO-4 batch is part of a refresh built by Canada's MDA Space under a $327 million contract. Without these satellites in orbit, Apple's emergency texting service for iPhones loses the L-band fleet that carries it.

Why it matters

If the deal closes, Apple's iPhone satellite emergency service ends up running on Amazon's network instead of an independent operator.

Key Indicators

$10.7B
Amazon's offer for Globalstar
Cash-and-stock equity value of the April 2026 deal, before assumed debt.
$90
Per-share price
Amazon offered $90 per Globalstar share in cash or stock.
17
MDA-built satellites
Replenishment fleet ordered in 2022, with options for nine more.
$327M
MDA contract value
Apple agreed to cover most of this cost when the contract was signed.
2027
Expected close
Subject to FCC, DOJ, foreign regulators, shareholders, and satellite milestones.

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People Involved

Organizations Involved

Timeline

June 2002 May 2026

8 events Latest: 7 days ago
Tap a bar to jump to that date
  1. Falcon 9 launches HIBLEO-4 batch

    Latest Launch

    SpaceX delivers Globalstar's replenishment satellites to low Earth orbit, satisfying a closing condition in the Amazon deal.

  2. Globalstar sets HIBLEO-4 launch date

    Announcement

    Company confirms May 17 launch window from Cape Canaveral on a Falcon 9.

  3. Amazon agrees to buy Globalstar

    Deal

    Cash-and-stock offer at $90 per share, equity value about $10.7 billion. Apple signs new satellite deal with Amazon.

  4. Amazon rebrands Kuiper as Amazon Leo

    Corporate

    Amazon renames its satellite constellation to emphasize enterprise and consumer connectivity.

  5. First MDA-built replenishment satellites launch

    Launch

    SpaceX delivers the first batch of HIBLEO replacement satellites to orbit.

  6. Globalstar awards MDA $327M satellite contract

    Contract

    MDA Space will build 17 replacement satellites with options for nine more.

  7. Apple announces Globalstar partnership

    Deal

    Apple signs on as Globalstar's anchor customer and agrees to fund most of the network refresh.

  8. Globalstar exits bankruptcy

    Corporate

    Globalstar emerges from Chapter 11 with its constellation and spectrum licenses intact.

Historical Context

3 moments from history that rhyme with this story — and how they unfolded.

August 1999 - December 2001

Iridium bankruptcy and revival (1999-2001)

Iridium, a 66-satellite mobile phone network backed by Motorola, filed for bankruptcy in August 1999 after burning $5 billion and failing to sign up subscribers. A group of investors bought the constellation for $25 million in 2000 and signed a Defense Department contract that kept the satellites flying. The company is now valued in the billions.

Then

The Pentagon's anchor contract saved the constellation from being deorbited. Investors who bought the assets for cents on the dollar built a profitable business.

Now

Iridium showed that mobile satellite spectrum and an in-orbit fleet are worth far more than the equity value of the company holding them, especially when an anchor customer commits.

Why this matters now

Globalstar's path mirrors Iridium's: a near-death company kept alive by an anchor partner (Apple, then Amazon) that values the spectrum more than the original equity holders did.

April 2018 - April 2020

T-Mobile-Sprint merger review (2018-2020)

T-Mobile and Sprint announced a $26 billion merger in April 2018. The Justice Department and a coalition of state attorneys general spent two years reviewing whether combining the third- and fourth-largest U.S. carriers would harm competition. The deal closed in April 2020 only after T-Mobile agreed to divest Boost Mobile and let Dish Network become a fourth carrier.

Then

The deal closed with structural remedies designed to seed a new competitor.

Now

Dish struggled to build a viable network. Prices for prepaid customers rose. Regulators learned that divestiture remedies do not always preserve competition.

Why this matters now

The FCC and DOJ will apply the same spectrum-concentration questions to Amazon-Globalstar that they applied to T-Mobile-Sprint, and may demand similar remedies before clearing the deal.

July 2020

FCC authorization of Project Kuiper (2020)

The FCC voted to authorize Amazon's Project Kuiper constellation of 3,236 low-Earth-orbit satellites. The decision required Amazon to deploy half the constellation within six years and the full system within nine. Amazon committed to invest more than $10 billion in the system.

Then

Amazon began contracting launches and building satellites, falling behind Starlink in deployment pace.

Now

The 2020 license shaped Amazon's spectrum holdings and timelines, and now forms the baseline regulators will weigh against any new spectrum it absorbs from Globalstar.

Why this matters now

The same agency that approved Kuiper now decides whether Amazon can absorb Globalstar's separate spectrum. Carr's earlier vote in favor signals the framework he is likely to bring to this review.

Sources

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