# Amazon (NASDAQ:AMZN) is making a push deeper into the satellite space, and investors are paying attention.

*aerospace · news · 2026-04-20 · Markets Insider*

## Key points

- Amazon’s $11.6 billion Globalstar acquisition targets rapid entry into direct-to-device satellite connectivity.
- Globalstar’s L and S band spectrum would reduce Amazon’s dependency on mobile network operator partnerships.
- The deal adds ~24 operational satellites and agreements for 50 more to Amazon’s existing constellation.
- GSAT’s Band 53 spectrum could enable Amazon to expand private 5G, drones, and robotics connectivity.
- Acquisition gives Amazon immediate access to Apple’s at-scale satellite-enabled iPhone and Watch services.

**Companies:** Amazon, Globalstar

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/morgan-stanley-weighs-in-on-amazon-stock-amzn-following-globalstar-acquisition-1036036863)

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