FCC approves Amazon Leo's $11.5 billion Globalstar acquisition

Image: Primary

Published Wednesday, October 28, 2026 · 12:19 PM EDT

The FCC approved Amazon Leo's $11.5 billion acquisition of Globalstar, giving Amazon's satellite business regulatory clearance for a deal that adds about two dozen satellites and mobile-satellite spectrum, Yahoo Finance reported. The FCC said the assets will help Leo enter the market for connections directly between satellites and phones or other devices. Amazon said it signed an agreement with Apple to keep Globalstar-powered Emergency SOS and Find My services running on iPhone and Apple Watch. Apple accounted for about 63% of Globalstar's revenue last year, and Amazon plans to acquire Apple's stake in Globalstar. Leo plans to introduce commercial service by the end of 2026.

Sources

Yahoo Finance

In this story

Apple Amazon US Government

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

Security

Daishin cyberattack exposes 38,490 customers' data as two other financial firms disclose incidents

Daishin Securities exposed personal information belonging to 38,490 customers in a cyberattack, TechCrunch reported, including names, email addresses and mobile phone numbers. Daishin has notified affected customers and is cooperating with authorities.

NVIDIA releases open-weight speech model for transcription and translation

NVIDIA released Nemotron 3.5 Transcribe, an open-weight speech model that combines transcription, speaker labeling, translation and answers to questions about recorded audio.

Capital Security

Upwind announces $400 million Series C at $3.8 billion valuation

Upwind Security announced a $400 million Series C led by Bessemer Venture Partners, valuing the cloud and AI security company at $3.8 billion. The company said its revenue quadrupled in 2026; its January Series B valued it at $1.5 billion.

Capital Infrastructure

AP Ventures closes third fund with $300 million in commitments

AP Ventures announced the final close of its third fund with €269.62 million ($300 million) in commitments from institutional investors, EU-Startups reports.

Capital Products

Numeracle raises $28 million for business identity verification

Numeracle has raised $28 million from Edison Partners to expand its business verification services, the company told Crunchbase News.

Liquid AI releases LFM3 open weights for local multimodal workloads

Liquid AI released six open-weight LFM3 models on Hugging Face for immediate download and fine-tuning on a single consumer GPU, Tech Times reported. The family covers text, vision, audio and structured decisions, with a shared 1.7 billion-parameter backbone.