Amazon has finalized an $11 billion acquisition deal involving satellite operator Globalstar. However, the transaction also includes a requirement to buy out Apple’s 20% stake in the company. Apple previously signed a $1.1 billion commitment with Globalstar in 2024, which included a $400 million share purchase.

Amazon is expanding its satellite internet ambitions through its upcoming service, Amazon Leo. The project is designed to deliver low-latency broadband from low Earth orbit satellites. It will compete in a market already shaped by networks like Starlink.

To complete the deal structure, Amazon must also acquire Apple’s remaining stake in Globalstar. This is being handled through a newly created subsidiary named “Grapefruit Acquisition Sub II, LLC.” The unusual name appears to reference Apple in a subtle way.

Globalstar already plays an important role in Apple’s satellite services. It supports features like Emergency SOS and Roadside Assistance on iPhones and Apple Watches. These services depend on Globalstar’s infrastructure to stay active and reliable.

Despite the ownership changes, Amazon has assured continuity for Apple users. The company said the deal will not disrupt existing Apple services. Instead, operations are expected to continue without interruption.

Moreover, Amazon stated that it will keep working with Apple even after the acquisition. It also plans to explore new service expansions with Apple in the future.

In addition, Amazon aims to widen its satellite partnerships beyond Apple. The company is preparing to offer satellite connectivity to more smartphone makers over time.