A significant contract expansion will see MDA Space manufacture more than 50 advanced satellites for Globalstar, boosting its role in the growing satellite communications industry.

Amazon announces $11.6B merger with Globalstar and satellite deal with Apple.

Amazon.com Inc.’s takeover of Globalstar Inc. is poised to benefit one of the company’s biggest rivals in hardware devices: Apple Inc.

(Reuters) - Canadian MDA Space said on Monday that it has expanded its contract with Globalstar to develop the next generation of low Earth orbit...

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services.

Ecommerce giant is trying to catch up with SpaceX’s low Earth orbit internet service

Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it looks to take ​on Elon Musk-led bigger rival Starlink.

Amazon wants in on the low Earth orbit Internet action.

Amazon is acquiring Apple satellite provider Globalstar, and it has worked out a deal to take over Apple's stake in the satellite company. According to an FCC filing noticed by PCMag, Amazon is initiating a merger structure. It will create a new subsidiary called Grapefruit Acquisition Sub II to absorb Globalstar's operations, and then the new subsidiary will acquire Apple's equity. Apple has 20 percent equity and 20 percent voting interests in Globalstar Licensee LLC, a Globalstar subsidiary that operates the satellite system that delivers satellite connectivity to iPhone users in the U.S. Apple invested $450 million in Globalstar back in 2022 to fund Globalstar's satellite buildout for the Emergency SOS via satellite feature. Apple received 20 percent equity and 85 percent of Globalstar's network capacity in return. Apple's Globalstar stake required Apple and Amazon to enter into separate negotiations, but the two companies worked out a deal. Amazon's Leo satellite network will power existing iPhone and Apple Watch satellite features like Emergency SOS, Messages via satellite, Find My, and Roadside Assistance via satellite. Apple stands to make more money than it invested, and has secured a partnership with a better-established satellite operator. Amazon will support iPhone and Apple Watch models that use Globalstar's low Earth orbit constellation, and the two companies will work together on future satellite services running on Amazon's expanded Leo network. Amazon's Globalstar purchase is said to be worth around $11.57 billion, and it is expected to close in 2027 as long as it earns regulatory approval.Tags: Amazon, Globalstar This article, "Amazon to Acquire Apple's Globalstar Stake in Satellite Deal" first appeared on MacRumors.com Discuss this article in our forums

Amazon wants in on the low-Earth orbit Internet action.

AppleがiPhoneに搭載されている衛星通信機能を強化するため、衛星通信サービス「Globalstar」に最大15億ドル(約2280億円)の投資を行うことが、Globalstarがアメリカ証券取引委員会(SEC)に提出した文書で明らかになりました。

Amazon.com Inc.’s $11.6 billion deal to buy Globalstar Inc. ramps up competition with Elon Musk’s Starlink in satellite communications, a market predicted to double to $200 billion in the coming years.

Amazon is reportedly “in talks” to acquire Globalstar, the company that connects Apple’s iPhone and Apple Watch satellite features. Apple’s 20% stake in the company is a key factor in negotiations. more…