Amazon Accelerates Shift to Tech Infrastructure With Globalstar Buy and Big AI Deals

Overview

• On May 29 Amazon said it would buy Apple’s 20% stake in Globalstar as part of an $11.6 billion deal that gives Amazon control of satellite spectrum used for phone emergency services.
• Amazon says it will upgrade Globalstar’s 1.6/2.4 GHz mobile satellite spectrum and expand its constellation to support broader consumer and carrier connectivity.
• AWS is growing rapidly with an annualized revenue run rate near $150 billion and the company reports its AI business has passed a $15 billion run rate, driven by large multiyear commitments from Anthropic and ties to OpenAI.
• Amazon revealed the Proteus autonomous robot and a €10 billion plan to modernize European fulfillment on June 4 while Pinterest signed a reported $4 billion AWS infrastructure deal that runs through 2031.
• Capital spending has surged with trailing 12‑month capex around $147 billion and some forecasts near $200 billion for 2026, prompting analysts to raise targets even as investors watch execution and return timing closely.