FCC Clears Amazon's $11.57B Globalstar Takeover, Adding Two Dozen Satellites to Leo Network
AMZN sits 30% above its 52-week low of $196.
Summary
The FCC approved Amazon Leo's $11.57 billion acquisition of Globalstar, clearing the last major regulatory hurdle for a deal first disclosed in the S-4 filed July 31 at $90 per share in cash or Amazon stock. The strategic logic is spectrum and scale: Globalstar's two dozen satellites fold into a Leo network that has launched more than 300 satellites since April 2025 and targets roughly 3,200 in low Earth orbit by 2029. For Amazon the dollar figure is small against its balance sheet, but it is a competitive step against SpaceX's Starlink in direct-to-device connectivity. Globalstar is the more sharply affected equity — its standalone thesis now collapses into the $90 deal price, so its shares should trade near that level rather than on operating fundamentals. Watch the deal closing mechanics and any remaining conditions disclosed in the S-4.
At the time of this announcement, AMZN was trading at $254.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.