M&A Report: Amazon’s $11.57B Globalstar deal is a bet on the direct-to-device satellite market
G.F. Gay Le Breton and Mitch Murray, Chaffe & Associates Inc.//May 4, 2026 In a deal that transforms the competitive dynamics of the satellite internet market, Amazon has agreed to acquire Covington, LA-based Globalstar, Inc. for approximately $11.57 billion. This deal marks a major step in Amazon’s efforts to build a global direct-to-device (D2D) satellite…