Globalstar (GSAT) director Wolff receives 3,333 restricted shares in equity grant
Globalstar (GSAT) director Benjamin G. Wolff was granted 3,333 restricted shares of Voting Common Stock under the company's Equity Incentive Plan. This grant, received at no cash cost, increases his direct holdings to 60,827 shares. The restricted shares are scheduled to vest on May 11, 2027, and represent routine compensation rather than a market purchase or sale.
Globalstar (GSAT) VP granted 3,333 restricted shares and reports 575K+ total holdings
Globalstar, Inc.'s VP of Finance and Operations, Timothy Evan Taylor, received a restricted stock grant of 3,333 shares, vesting on May 11, 2027. This equity compensation was awarded under the company’s Equity Incentive Plan and is not an open-market transaction. Following this grant, Taylor directly holds 255,467 shares and indirectly holds 320,244 shares through Thermo Investments III, LLC, totaling over 575,000 shares.
Globalstar stock reaches 52-week high at 83.02 USD
Globalstar Inc. (GSAT) has hit a 52-week high of 83.02 USD, reflecting a strong 350.3% one-year return, though InvestingPro suggests the stock might be overvalued. The company recently postponed a satellite launch and re-elected directors, while also being in advanced talks for a potential acquisition by Amazon to bolster its satellite operations.
Can Rising Satellite-Based Telecom Services Boost ASTS' Future Profit?
AST SpaceMobile (ASTS) is positioned as a key player in satellite-based telecom, connecting directly to smartphones and addressing the demand for broader wireless coverage, 5G, and remote access. The company is collaborating with major telecom providers like AT&T, Verizon, and T-Mobile US, aiming to improve service quality and expand coverage without significant ground infrastructure investments. Despite competition from Globalstar and Viasat, ASTS has seen a significant stock price increase, though its valuation and earning estimates present challenges.
Globalstar Shareholders Back Directors, Auditor and Executive Pay
Globalstar shareholders have re-elected directors James F. Lynch and Timothy E. Taylor, ratified Ernst & Young LLP as the independent auditor, and approved executive compensation during their 2026 annual meeting. The company, operating in satellite-based connectivity services, received a "Buy" rating from an analyst with a $90.00 price target, while TipRanks' AI Analyst, Spark, rated GSAT as "Neutral" citing improving financial performance but noting valuation as a drag due to negative earnings and no dividend.
Globalstar Announces an Update to the HIBLEO-4 Satellite Replenishment Launch
Globalstar (NASDAQ: GSAT) announced the postponement of the May 17 launch of its HIBLEO-4 replenishment satellites with SpaceX to allow for more preparation time. A new launch date will be shared once confirmed. The mission focuses on maintaining the resilience and reliability of Globalstar's existing low Earth orbit constellation.
Globalstar, Inc. Files Form 8-K with SEC Detailing Company Information and Reporting Requirements (May 13, 2026)
Globalstar, Inc. announced the results of its 2026 annual meeting of stockholders held on May 13, 2026. Shareholders elected two Class B directors, ratified Ernst & Young LLP as the independent auditor, and approved executive compensation on an advisory basis. These outcomes signal continuity and stability for the company, with no immediately price-sensitive information revealed.
Globalstar shareholders elect directors and approve annual meeting proposals
Globalstar, Inc. shareholders held their 2026 annual meeting, electing James F. Lynch and Timothy E. Taylor as Class B directors and ratifying Ernst & Young LLP as their independent registered public accounting firm. All proposals presented to shareholders were approved. In related news, Globalstar recently reported Q4 2025 earnings, announced the upcoming launch of HIBLEO-4 replenishment satellites, and is reportedly in advanced talks for a potential acquisition by Amazon.
Globalstar (NASDAQ: GSAT) investors approve directors, auditor and pay
Globalstar, Inc. stockholders held their 2026 annual meeting on May 13, 2026, where they elected Class B directors James F. Lynch and Timothy E. Taylor. Shareholders also ratified Ernst & Young LLP as the independent registered public accounting firm for 2026 and approved, on an advisory basis, the compensation for the company’s named executive officers. A strong quorum of 115,549,917 out of 128,591,126 shares outstanding participated in the voting process.
Globalstar stock hits 52-week high at 82.92 USD
Globalstar Inc. (GSAT) stock reached a new 52-week high of $82.92, marking a 336% increase over the past year and pushing its market capitalization to $10.6 billion. The surge reflects strong investor confidence despite the company posting a loss of $0.15 per share over the last twelve months. Upcoming events like the launch of HIBLEO-4 replenishment satellites and potential acquisition talks with Amazon, along with a raised price target from Craig-Hallum, signal positive future prospects for the satellite communications provider.
Globalstar (GSAT) to Launch HIBLEO-4 Satellites on SpaceX Falcon 9
Globalstar Inc (GSAT) announced plans to launch its HIBLEO-4 replenishment satellites on a SpaceX Falcon 9 rocket on May 17, 2026. This launch is crucial for enhancing the resilience and reliability of Globalstar's satellite communication services and is a key part of the company's long-term strategy. While the company demonstrates strong growth potential with a GF Score™ of 69/100, its financial strength and profitability are lower, and recent insider selling activity may warrant caution from investors.
Globalstar Announces Upcoming HIBLEO-4 Satellite Replenishment Launch with SpaceX
Globalstar (NASDAQ: GSAT) has announced that its HIBLEO-4 replenishment satellites will launch on a SpaceX Falcon 9 rocket on Sunday, May 17, from Cape Canaveral Space Force Station. These satellites are crucial for replenishing Globalstar's existing low Earth orbit constellation, ensuring continued network resilience and reliable service for its satellite communications offerings. This launch is a key part of Globalstar’s strategy to sustain and strengthen its infrastructure, supporting its broader network roadmap and delivering resilient satellite services globally.
SpaceX to launch Globalstar satellites to support LEO network reliability
Globalstar (NASDAQ: GSAT) announced that its HIBLEO-4 replenishment satellites will launch on a SpaceX Falcon 9 rocket on May 17 from Cape Canaveral. This mission aims to support the reliability and resilience of Globalstar’s existing low Earth orbit (LEO) constellation, which is crucial for the company's satellite communications services. The launch is part of Globalstar's ongoing investment in its satellite infrastructure to advance its broader network roadmap.
Globalstar (GSAT) Quarterly Losses Deepen And Reinforce Bear Concerns On Earnings Volatility
Globalstar (GSAT) concluded FY 2025 with deepening quarterly losses, reporting a basic EPS loss of US$0.11 on US$72 million revenue in Q4. While full-year losses narrowed, quarterly profitability remains highly volatile, swinging significantly between profit and loss. This inconsistency in transforming revenue into stable earnings, coupled with a high valuation compared to peers and DCF estimates, reinforces bear concerns despite analyst forecasts for future growth.
Globalstar Reports 17 Percent Revenue Growth in Q1 Amid Pending Amazon Merger
Globalstar, Inc. announced a 17% revenue increase in Q1 2026, reaching $70.1 million, largely due to higher wholesale capacity services revenue. This growth comes as the company proceeds with an $11.6 billion merger agreement with Amazon, aimed at integrating Globalstar's MSS spectrum into Amazon's Leo network for direct-to-device services. The company also secured favorable FCC rulings and made significant investments in infrastructure and satellite constellation modernization.
State of New Jersey Common Pension Fund D Purchases Shares of 35,686 Globalstar, Inc. $GSAT
The State of New Jersey Common Pension Fund D acquired 35,686 shares of Globalstar, Inc. (NASDAQ:GSAT) in the fourth quarter, establishing a new position valued at approximately $2.18 million. This move is part of a broader trend of institutional investors like UBS Group, American Century, and Vanguard increasing their holdings in Globalstar, with institutions now owning 18.89% of the stock. Despite a mixed analyst consensus of "Hold" with a $69 price target and a recent stock price increase to $82.09, the company missed quarterly EPS estimates but showed a 16.7% revenue increase.
UBS Group AG Boosts Position in Globalstar, Inc. $GSAT
UBS Group AG significantly increased its stake in Globalstar, Inc. by 166.9% in the fourth quarter, now holding 526,566 shares valued at $32.1 million. Despite mixed quarterly results with revenue up 16.7% year-over-year but EPS missing expectations at -$0.16, the stock has shown strong price performance and heavy institutional interest. Analysts currently hold a "Hold" rating with an average target price of $69.00.
Globalstar: Q1 Earnings Snapshot
Globalstar Inc. (GSAT) reported a first-quarter loss of $20 million, which translates to 16 cents per share. The satellite communications company, based in Covington, Louisiana, also announced revenues of $70.1 million for the period. This financial report was generated using data from Zacks Investment Research.
Amazon to acquire Globalstar (NASDAQ: GSAT) in cash and stock merger
Globalstar reported increased revenue but continued net losses in Q1 2026, largely driven by wholesale capacity services to Apple, which accounted for 66% of its revenue. The company announced a merger agreement with Amazon, where Globalstar shareholders can elect to receive $90 cash or Amazon stock per share, subject to proration and potential downward adjustments based on operational milestones. This acquisition is pending regulatory approvals and satellite milestones, with closing expected in 2027.
Globalstar (GSAT) Reports Q1 Loss, Lags Revenue Estimates
Globalstar (GSAT) reported a Q1 loss of $0.16 per share, significantly missing the Zacks Consensus Estimate of a $0.02 loss, and also fell short on revenue expectations with $70.06 million against an anticipated $70.63 million. Despite outperforming the S&P 500 year-to-date, the company's recent earnings surprise of -966.67% and current Zacks Rank #3 (Hold) suggest its near-term stock performance is expected to be in line with the market. Investors are now looking to management's commentary on the earnings call and future estimate revisions to gauge the stock's trajectory.
Globalstar: Q1 Earnings Snapshot
Globalstar Inc. reported a first-quarter loss of $20 million, translating to 16 cents per share. The satellite communications company recorded revenue of $70.1 million for the period.
Globalstar, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026
Globalstar, Inc. reported its earnings for the first quarter ended March 31, 2026. The company saw an increase in revenue, reaching $70.06 million compared to $60.03 million in the prior year. Despite the revenue growth, Globalstar recorded a net loss of $17.42 million, which was slightly higher than the $17.33 million loss from the same quarter last year, resulting in a basic and diluted loss per share of $0.16.
Number of shareholders of Globalstar, Inc. – NASDAQ:GSAT
This article provides access to the number of shareholders for Globalstar, Inc. (NASDAQ: GSAT) via a financial data query on the TradingView platform. It presents a data point indicating the "Period," "Value," "Change," and "Change %" for the number of shareholders. The content primarily acts as a gateway to financial information rather than a detailed analysis.
Satellite IoT Market Expanding with a CAGR of 18.2% by 2035 as Iridium, ORBCOMM, Globalstar, and Hybrid LEO-5G Networks Accelerate Global Industrial Connectivity
The global satellite IoT market is projected to grow from $1.9 billion in 2025 to $10.1 billion by 2035, driven by demand for resilient, globally accessible connectivity solutions. Rapid expansion of LEO constellations, hybrid communication platforms, and standardized non-terrestrial network architectures are reshaping industrial IoT infrastructure. North America currently leads the market due to its strong space infrastructure and early adoption of advanced communication ecosystems.
Globalstar stock hits 52-week high at 82.35 USD
Globalstar Inc. (GSAT) stock has surged to a new 52-week high of $82.35 USD, marking an impressive 325% increase over the past year. The company's strong market performance is highlighted by $273 million in revenue and a 64% gross profit margin, yet InvestingPro data indicates potential overvaluation and analysts do not expect profitability this year. Recent developments include exceeding Q4 2025 revenue expectations and advanced acquisition talks with Amazon.
Amazon nears deal for Globalstar in push to rival Musk’s Starlink
This article states that Amazon is reportedly close to a deal with Globalstar. This move is seen as Amazon's strategic push to compete with Elon Musk's Starlink in the satellite internet sector. Currently, the content of the article beyond the title and publication information is not available.
Amazon buys Covington’s Globalstar for $11.6B to bolster Leo satellite network
Amazon is acquiring Covington-based Globalstar for $11.57 billion to enhance its low Earth orbit (LEO) satellite network, Leo, intensifying its competition with Elon Musk’s Starlink in the satellite internet services market. This acquisition follows other significant financial developments in Louisiana, including Textron Systems' $5.8 million expansion in Southeast Louisiana and SwiftSight's $450,000 early-stage venture capital funding. The article highlights these "money moves" as part of a recurring series charting funding news in tech across various regions.
Rebecca Clary Sells 4,066 Shares of Globalstar (NASDAQ:GSAT) Stock
Rebecca Clary, CFO of Globalstar (NASDAQ:GSAT), sold 4,066 shares of the company's stock on April 28th for approximately $330,322 to cover tax withholding obligations associated with equity awards. This sale, along with previous ones, reduced her ownership by 3.25% to 121,198 shares. Globalstar recently traded near its 52-week high, has a market cap of $10.45 billion, and despite missing EPS expectations in its last quarter, saw revenue increase by 17.6%.
Globalstar (GSAT) CFO records performance share vesting and tax-driven sale
Globalstar's VP & CFO, Rebecca Clary, reported the vesting of 9,523 performance shares on April 27, 2026. Following this, she sold 4,066 shares on April 28, 2026, at a volume-weighted average price of $81.2410 to cover tax obligations as part of a mandatory sell-to-cover program. After these transactions, Clary directly holds 121,198 shares of Globalstar common stock.
GSAT (NASDAQ: GSAT) files Form 144 reporting 4,066 vested shares
Globalstar, Inc. (NASDAQ: GSAT) has filed a Form 144, indicating planned sales of 4,066 shares of common stock by an issuer-related holder. The filing details a Restricted Stock Vesting event for these shares on April 27, 2026, and also notes prior open-market dispositions by Rebecca S. Clary totaling 6,330 shares in March–April 2026. As of April 28, 2026, the company's shares outstanding are reported as 128,591,126.
Amazon’s US$10.7b Globalstar Deal Puts Focus On Merger Valuation Risks
Amazon has agreed to acquire Globalstar for US$10.7 billion, offering shareholders a choice of cash or Amazon stock. This merger shifts the focus from Globalstar's standalone growth to deal terms, regulatory approvals, and the cash/stock election process. While Globalstar trades slightly below its analyst target, Simply Wall St values it significantly above fair value, with recent stock momentum driven by the acquisition news.
ASTS stock declines sharply on Amazon-Globalstar deal concerns: Retail says it is 'oversold'
AST SpaceMobile's (ASTS) stock experienced a significant decline due to investor concerns over Amazon's potential deal with Globalstar for satellite-to-phone services. Retail investors, however, believe the stock is oversold and view the dip as a buying opportunity, citing the company's patented technology and long-term potential. The article discusses the reasons behind the stock drop and the contrasting market sentiment.
Globalstar jumps 16% on reported Amazon deal talks to challenge Starlink
Globalstar's stock rose significantly after reports surfaced that Amazon is in discussions to acquire a stake in the company. This potential deal is seen as Amazon's move to challenge SpaceX's Starlink in the satellite internet market. While neither company has confirmed the talks, the news positively impacted Globalstar's market valuation.
Globalstar jumps 16% on reported Amazon deal talks to challenge Starlink
Globalstar (GSAT) stock surged 16% following reports that Amazon is in talks to acquire the company. This potential deal would allow Amazon to integrate Globalstar's satellite services with its own Project Kuiper, strengthening its position in the satellite broadband market against rivals like SpaceX's Starlink. The acquisition could also provide Amazon with additional spectrum access and vertical integration of its satellite internet services.
Globalstar stock hits 52-week high at 81.09 USD
Globalstar Inc. (GSAT) has reached a new 52-week high of $81.09, reflecting a 323% increase in its stock price over the past year. Despite its exceptional return, InvestingPro analysis suggests the stock may be overvalued, and profitability is not anticipated this year. The company is also reportedly in advanced talks to be acquired by Amazon.
Globalstar, Inc. (NASDAQ:GSAT) Given Average Rating of "Hold" by Brokerages
Globalstar, Inc. (NASDAQ:GSAT) has received an average rating of "Hold" from brokerages, with an average 12-month target price of $69.00. The company reported an EPS miss of ($0.11) against an expected $0.01, despite a 17.6% year-over-year revenue increase. Insider selling has been noted, although insiders still own approximately 60% of the company's stock.
Amazon to Acquire Globalstar in $11.57 Billion Deal to Boost Satellite Connectivity Ambitions
Amazon.com, Inc. is set to acquire Globalstar, Inc. in a definitive merger agreement valued at $11.57 billion. This acquisition will enable Amazon Leo to expand its direct-to-device (D2D) satellite services and extend cellular coverage, integrating Globalstar's expertise and spectrum licenses into Amazon's low Earth orbit network. The deal also reinforces Amazon's agreement with Apple to power satellite features like Emergency SOS for iPhones and Apple Watches, aiming to provide reliable, high-speed connectivity globally and bridge the digital divide.
Amazon’s Globalstar Deal Reframes Direct To Device Opportunity For Investors
Amazon has entered into a definitive agreement to acquire Globalstar, gaining direct access to its satellite assets and spectrum for direct-to-device services. This acquisition, valued at $10.9 billion or $90 per share, positions Amazon to offer satellite-based connectivity and significantly impacts Globalstar's share price performance. The deal is subject to regulatory approvals and satellite deployment milestones, with shareholders having the option to receive cash or Amazon shares.
Lbp Am Sa Invests $4.14 Million in Globalstar, Inc. $GSAT
Lbp Am Sa recently initiated a new position in Globalstar, Inc. (NASDAQ:GSAT) by purchasing 67,806 shares valued at approximately $4.14 million during the fourth quarter. Globalstar reported a quarterly loss of ($0.11) EPS, missing analyst consensus, despite a 17.6% year-over-year revenue increase to $71.96 million. The company currently trades near its 12-month high with a market cap of $10.29 billion, and analysts have a mixed "Hold" rating with an average target price of $69.
Satellite operator Globalstar rallies on report that Amazon is in buyout talks
Globalstar's stock significantly rallied on news that Amazon is reportedly in talks to acquire the satellite operator. This potential acquisition would allow Amazon to enhance its connectivity network, particularly for its Project Kuiper broadband satellites. The market responded positively to the speculation surrounding the deal.
Amazon Poised For 26.5% Upside As Citizens Reiterates $315 Target Following Globalstar Deal
Citizens has reiterated its "Market Outperform" rating and a $315 price target for Amazon (AMZN), implying a 26.5% upside, following Amazon's $11.7 billion acquisition of Globalstar (GSAT). This deal is seen as a strategic move to accelerate Amazon's connectivity offerings and tap into the global mobile telecom market. Additionally, Amazon Web Services (AWS) is expected to drive long-term growth due to increasing enterprise AI demand.
AST SpaceMobile Shares Climb As Investors Digest Amazon's Globalstar Deal
AST SpaceMobile (NASDAQ: ASTS) shares are consolidating and trading higher after Amazon's deal to acquire Globalstar. This competitive reset in the direct-to-cell market has investors rethinking the landscape, as Amazon plans to combine Globalstar's assets with its own Leo network. Despite increased competition and FCC regulatory framing aiming for a "three-player" market, analysts maintain a "Hold" rating on ASTS, albeit with varying price targets.
[Form 4] Globalstar, Inc. Insider Trading Activity
Globalstar, Inc.'s VP & Chief Financial Officer, Rebecca Clary, engaged in two transactions concerning Voting Common Stock. She acquired 9,524 shares on April 14, 2026, as part of a performance share award vesting and subsequently sold 4,037 shares on April 15, 2026, to cover tax obligations. After these transactions, her direct holdings in Globalstar common stock totaled 115,741 shares.
Globalstar VP Clary sells $322k in shares
Globalstar's VP & Chief Financial Officer, Rebecca Clary, sold 4,037 shares of company stock for approximately $322,354 on April 15, 2026. This transaction follows her acquisition of 9,524 shares the previous day due to a performance share award vesting. The company recently reported mixed Q4 2025 earnings, beating revenue expectations but missing EPS forecasts, and is reportedly in advanced acquisition talks with Amazon.
Amazon to acquire internet satellite operator Globalstar for $11.6B
Amazon has announced its intention to acquire Globalstar, an internet satellite operator, for $11.6 billion. This acquisition, expected to close in 2027, will integrate Globalstar's low-Earth orbit satellites and ground infrastructure into Amazon's operations, enhancing its internet constellation, Amazon Leo. Globalstar's technology currently powers Apple's Emergency SOS feature, and the deal aims to provide faster, more reliable satellite internet service and enable new direct-to-device offerings.
Deal Diary: Paul Weiss, Skadden, Wilson Work Amazon-Globalstar
Amazon.com Inc. is acquiring satellite communications company Globalstar Inc. for $11.6 billion in cash and stock. Skadden, Arps, Slate, Meagher & Flom LLP and Wilson Sonsini Goodrich & Rosati PC advised Globalstar, while Paul, Weiss, Rifkind, Wharton & Garrison LLP counselled Amazon on the deal. The transaction is expected to close next year, pending regulatory approvals.
Amazon to Acquire Globalstar in Deal to Bolster Its Internet From Space Service and Bring Internet From Space to iPhones
Amazon announced its agreement to acquire Globalstar, a mobile satellite services provider, to integrate Globalstar’s assets into Amazon Leo, its low Earth orbit satellite network. This acquisition aims to enhance direct-to-device connectivity and will involve Amazon Leo providing satellite backbone for specific features on compatible iPhone and Apple Watch models through an agreement with Apple. The deal, valued at $90 per share for Globalstar shareholders, is expected to close in 2027 and represents a significant step in Amazon’s efforts to expand its satellite infrastructure and provide internet from space to underserved regions and mobile devices.
Amazon to Acquire Globalstar in Cash-or-Stock Deal Offering $90 Per Share; Apple Agreements Updated
Globalstar has entered into a definitive merger agreement to be acquired by Amazon in a cash-or-stock deal valued at $90.00 per share, subject to certain adjustments. Concurrently, Globalstar and Apple have increased their maximum prepayment balance and amended their Statement of Work to align with program execution and the pending acquisition. Thermo, Globalstar's majority stockholder, has provided written consent, ensuring immediate stockholder approval of the merger.
Amazon to Acquire Globalstar and Expand Amazon Leo Satellite Network
Amazon announced its definitive merger agreement to acquire Globalstar, aiming to integrate Globalstar's satellite operations and spectrum into Amazon Leo's low Earth orbit network. This acquisition will enable Amazon Leo to offer direct-to-device (D2D) services, extending cellular coverage to remote areas. Additionally, Amazon and Apple have partnered for Amazon Leo to power satellite services for iPhone and Apple Watch models, including features like Emergency SOS.
Amazon Announces $11 Billion Acquisition of Globalstar to Boost Satellite Connectivity
Amazon.com Inc. is acquiring Globalstar Inc. for approximately $11.6 billion to enhance its Amazon Leo satellite network by integrating Globalstar's spectrum licenses and infrastructure. This deal, valued at $90 per share, aims to accelerate Amazon's entry into direct-to-device satellite services and includes an agreement for Amazon Leo to continue powering Apple's satellite features. The acquisition, expected to close in 2027, positions Amazon to compete more effectively with rivals like SpaceX’s Starlink in the growing satellite connectivity market.
