Amazon has to buy out Apple’s 20% Globalstar stake as acquisition rolls on
appleinsider.com May 28, 2026

Amazon has to buy out Apple’s 20% Globalstar stake as acquisition rolls on

AI-summarised brief · reviewed before publication

Amazon is set to acquire Apple's 20% stake in Globalstar as part of its $11 billion deal to purchase the satellite firm. Globalstar will cease to exist, with Amazon's subsidiary, "Grapefruit Acquisition Sub II, LLC," managing the company's assets. Apple will not retain voting rights or shares in Globalstar following the acquisition. Amazon has agreed to maintain satellite connectivity for Apple's current and future products, including the Apple Watch and iPhone.

💡 Why It Matters

  • · Apple's departure from Globalstar marks a significant shift in the tech giant's satellite service partnerships, potentially paving the way for Amazon to expand its satellite offerings to other smartphone and mobile device producers.