**Globalstar, Inc. (GSAT) has reached a definitive agreement to be acquired by Amazon.com, Inc. (AMZN), marking a significant move in the satellite communications sector. This deal positions Globalstar to enhance its satellite-to-phone ecosystem as part of Amazon’s upcoming Amazon Leo initiative, with commercial services expected to roll out by 2028.**
**The acquisition allows Globalstar to leverage its long-standing investments in satellite infrastructure and mobile satellite spectrum, significantly reducing execution risk associated with technology and network expansion. Shares of Globalstar rose approximately 10% in a recent trading session, and the company anticipates revenues between $280 million and $305 million in 2026, with an adjusted EBITDA margin of around 50%.**
**Globalstar’s acquisition by Amazon will help it compete more effectively against other satellite communications companies, enhancing its ability to tap into new monetization opportunities across various sectors, including consumer, enterprise, and government.**
