SpaceX-Globalstar deal rumored at about $10 billion

TMF Associates analyst Tim Farrar said in a 2025 research note that SpaceX could be close to acquiring Globalstar for about $10 billion. Bloomberg reported in October 2025 that SpaceX was interested in buying Globalstar and that Globalstar had hired an investment bank to facilitate a sale.

Farrar said the sale process that began in October could end near the price sought by Globalstar CEO James "Jay" Monroe, at about $10 billion, or about €9.2 billion. He said industry rumors in Washington, D.C. had also pointed to Amazon as a bidder, but argued SpaceX may have decided to outbid Amazon to strengthen Starlink's direct-to-device position; he also said regulators could weigh SpaceX's control of Globalstar's MSS spectrum alongside the 2 GHz MSS spectrum it acquired from EchoStar, and he expects a two-year extension for current 2 GHz spectrum licenses.

The report places the possible transaction in the wider satellite connectivity market, where Starlink competes with Amazon and other operators on broadband and direct-to-device services. Farrar said uncertainty remains over Globalstar's third-generation C-3 low Earth orbit constellation, while Apple has a long-term satellite capacity agreement with Globalstar signed in 2024 and Globalstar expanded its MDA Space contract by C$1.1 billion to grow its LEO constellation; Farrar said the outcome could depend on whether SpaceX can launch its next-generation Starlink Mobile constellation on schedule with Starship.