- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Covington Today
By the People, for the People
Amazon Reportedly Eyes $9B Purchase of Covington's Globalstar
Acquisition would bring satellite operator into e-commerce giant's low-Earth-orbit plans, but Apple's 20% stake complicates negotiations.
Apr. 2, 2026 at 7:25pm
Got story updates? Submit your updates here. ›
The acquisition of Globalstar would give Amazon a strategic foothold in the burgeoning low-Earth-orbit satellite industry.Covington TodayAmazon is reportedly in talks to acquire Covington-based satellite operator Globalstar for around $9 billion, a deal that would bring the local company's network and infrastructure into Amazon's growing low-Earth-orbit plans. However, the negotiations are complicated by the fact that Apple owns a 20% stake in Globalstar after a 2024 investment.
Why it matters
The potential acquisition highlights the strategic value of satellite broadband technology and infrastructure, as Amazon looks to expand its own low-Earth-orbit satellite constellation to compete with SpaceX's Starlink. For Covington, the news shines a national spotlight on the local satellite operator and its role in the global technology race.
The details
Globalstar runs a network of low-Earth-orbit satellites that provide voice, data, and asset-tracking services to enterprise, government, and consumer clients. The company has boosted its capacity and upgraded ground infrastructure in recent years, making it a more attractive target for strategic buyers like Amazon. The e-commerce giant is reportedly in advanced negotiations to acquire Globalstar for around $9 billion, though the talks are still ongoing and complex due to Apple's 20% stake in the company.
- In 2024, Apple invested around $1.5 billion to acquire a 20% stake in Globalstar.
- On April 2, 2026, news of Amazon's potential $9 billion acquisition of Globalstar first surfaced in reports.
The players
Globalstar
A Covington-based satellite operator that runs a network of low-Earth-orbit satellites providing voice, data, and asset-tracking services to enterprise, government, and consumer clients.
Amazon
The e-commerce giant is reportedly in talks to acquire Globalstar for around $9 billion as part of its efforts to expand its own low-Earth-orbit satellite constellation to compete with SpaceX's Starlink.
Apple
The tech giant holds a 20% stake in Globalstar after a $1.5 billion investment in 2024, complicating the potential acquisition negotiations between Amazon and Globalstar.
What’s next
If Amazon and Globalstar reach a deal, the acquisition would still need to go through detailed negotiations, shareholder approvals, and regulatory checks before it could be finalized.
The takeaway
The potential Amazon-Globalstar deal highlights the growing strategic importance of satellite broadband technology and infrastructure, as major tech companies race to build out their low-Earth-orbit satellite networks. The negotiations are further complicated by Apple's significant stake in Globalstar, underscoring the complex web of partnerships and ownership in this rapidly evolving industry.
