Amazon has made a strategic move by acquiring satellite operator Globalstar for an estimated $11.6 billion. This acquisition is part of Amazon's broader strategy to enhance its Amazon Leo satellite network and compete with SpaceX's Starlink. As part of the deal, Amazon has entered into an agreement with Apple to provide satellite connectivity for current and future iPhone and Apple Watch models. This collaboration will allow users to access features such as emergency messaging, roadside assistance requests, and location sharing. The existing Globalstar service is compatible with iPhone 14 and later models, as well as the Apple Watch Ultra 3. Amazon's senior VP, Panos Panay, stated that this partnership positions Amazon as the primary satellite service provider for Apple's devices. Globalstar shareholders will have the option to receive either $90 in cash per share or a share of Amazon stock capped at the same value. The final deal value may vary based on Amazon's stock performance, with estimates ranging from $10.8 billion to $11.6 billion.