Globalstar shares spiked late Wednesday after FT reported that Amazon is in talks to amass the corporate because it pushes forward with plans to construct out a constellation of low-Earth orbit (LEO) satellites. Globalstar shares had been up 7.5% as we speak in mid-day buying and selling.
The edges are nonetheless negotiating a few of the complexities of the deal, together with Apple’s 20% stake in Globalstar, FT stated, noting that talks tied to a deal, which could possibly be valued at about $9 billion, may nonetheless collapse. Alongside that 20% stake, Apple additionally supplies direct-to-device (D2D) emergency texting to iPhones through Globalstar.
Globalstar advised FT it doesn’t touch upon trade hypothesis and rumors. Bloomberg reported final fall that Globalstar was exploring a potential sale and had held some early talks with SpaceX and different potential suitors.
Enhancing Amazon’s satellite tv for pc ambitions
But when the purported Amazon-Globalstar deal is consummated, it will in fact present Amazon with entry to a key buyer in Apple. It will additionally assist Amazon’s plans for D2D companies, broaden on its broader satellite tv for pc efforts and assist to solidify its aggressive footing with SpaceX, which runs Starlink and is getting ready for what’s anticipated to be the largest-ever preliminary public providing (IPO).
Amazon Leo plans to serve each residential and enterprise prospects with a LEO constellation that can finally embrace 3,236 satellites. The unit just lately requested the FCC for 24-month extension on the deployment of its first 1,618 satellites. Amazon Leo operated 180 LEOs as of January 2026, and was on tempo to extend that to 700 satellites by July 30, 2026.
Globalstar presently operates 24 LEO satellites which can be largely centered on the Apple D2D partnership.
C-3, Globalstar’s deliberate, next-generation LEO platform, will comprise 48 operational satellites and 6 on-orbit spares. That will likely be used to broaden the potential of Globalstar’s cellular satellite tv for pc companies, together with its ongoing assist of Apple. Talking on the corporate’s This fall 2025 earnings name in February, Globalstar CEO Paul Jacobs stated the corporate had just lately concluded the crucial design assessment for C-3.
Amid hypothesis about Globalstar’s destiny, TMF Associates’ Tim Farrar famous on this March 24 weblog submit that it isn’t clear what’s going to occur to the C-3 constellation and the corporate’s relationship with Apple if Globalstar had been to be offered to SpaceX.
Blue Origin, the rocket and satellite tv for pc firm owned by Jeff Bezos, is creating an enterprise-focused service, referred to as TeraWave, that will likely be supported by a constellation of greater than 5,000 low-Earth orbit and medium-Earth orbit satellites.
Each Blue Origin and SpaceX even have plans to construct out a system of orbital knowledge facilities.
In February, Jacobs stated Globalstar will stay centered on the D2D and IoT sectors, and that creating space-based knowledge facilities is “positively not our focus space.”
Globalstar posted full-year 2025 revenues of $273 million, up 9% year-over-year. It pulled in This fall revenues of $72 million, together with $67.4 million of service income, and swung to a web lack of $11.6 million. Globalstar is forecasting 2026 revenues within the vary of $280 million to $305 million.
Editor’s be aware: The story has been up to date with commentary from TMF Associates’ Tim Farrar.