Bank of America Corp DE Decreases Holdings in Globalstar, Inc. $GSAT
Bank of America Corp DE reduced its stake in Globalstar, Inc. by 4.9% during the first quarter, selling 14,818 shares and retaining 290,456 shares valued at $19.29 million. Other institutional investors like Edgestream Partners L.P. and Janus Henderson Group PLC increased their holdings, while company insiders, including General Counsel L Barbee Iv Ponder and CFO Rebecca Clary, sold a significant number of shares. Analysts currently rate Globalstar as a "Hold" with a consensus price target of $75.67, following recent downgrades.
Globalstar (NASDAQ:GSAT) Downgraded to "Hold" Rating by Craig Hallum
Craig Hallum has downgraded Globalstar (NASDAQ:GSAT) from a "Buy" to a "Hold" rating, setting a $90 price target, which suggests an 8.39% upside. This decision aligns with the broader analyst consensus of "Hold" and a $75.67 target price. The company reported a quarterly loss of $0.23 per share, missing estimates, and its revenue declined by 3.5% year-over-year, alongside significant insider selling activity totaling $14.4 million over the last 90 days.
First MDA Space Globalstar satellites reach orbit, nine to go
MDA Space has successfully launched eight commercial communications satellites for Globalstar Inc. aboard a SpaceX Falcon 9, marking a significant milestone as MDA Space's first commercial constellation as prime contractor. These satellites will replace aging spacecraft, supporting mobile messaging, handheld messengers, and machine-to-machine services. The remaining nine satellites from the initial 17-satellite order are in final integration, with Globalstar's network being crucial for Apple's Emergency SOS and set to be acquired by Amazon.
Rebecca Clary Sells 24,100 Shares of Globalstar (NASDAQ:GSAT) Stock
Rebecca Clary, CFO of Globalstar (NASDAQ:GSAT), sold 24,100 shares of the company's stock for approximately $1.98 million. This transaction reduced her direct ownership by nearly 20%. Globalstar's shares are trading near their one-year high, despite the company reporting a quarterly loss and missing analyst expectations, leading to an average "Hold" rating from analysts with a price target below the current trading price.
MDA Space Ltd. Launches Replenishment Satellites For Globalstar Inc.
MDA Space Ltd. has successfully deployed the first eight replenishment satellites for Globalstar Inc.'s low Earth orbit (LEO) constellation. These satellites, developed and integrated in Montréal, were launched on a SpaceX Falcon 9 rocket and represent MDA Space's first delivery as a prime contractor for commercial communications constellations. The remaining nine satellites are in final integration, aiming to extend Globalstar's existing constellation for direct-to-device services and IoT applications.
Rocket Lab (RKLB) Deployed Eight Satellites In Its First Globalstar Constellation Mission
Rocket Lab successfully launched and deployed eight satellites for MDA Space, supporting Globalstar's direct-to-device constellation. This mission is the first of a larger multi-satellite deployment, highlighting Rocket Lab's integrated role as both satellite manufacturer and launch services provider. This reinforces the company's strategy for end-to-end space services and its focus on commercial launch and satellite infrastructure.
Rocket Lab launches eight Globalstar satellites
Rocket Lab has successfully launched eight satellite platforms for MDA Space, which are designed to replenish Globalstar’s communications constellation. This launch, the first of 17 platforms under a $143 million contract, occurred on August 15th from Cape Canaveral. The satellites are now in orbit, generating power, and will undergo commissioning before joining Globalstar's network for direct-to-device communications and IoT applications.
RKLB Stock Rises Overnight: Rocket Lab’s First 8 Satellites From $143M Globalstar Deal Reach Orbit
Rocket Lab's stock (RKLB) rose overnight after the company confirmed that the first eight satellites built under its $143 million contract with MDA Space successfully reached orbit. These satellites, part of a 17-platform deal, will support Globalstar’s direct-to-device communications and IoT services. The successful deployment highlights Rocket Lab's expanded capabilities beyond just launch services, including spacecraft platform design, build, testing, and on-orbit operations, further strengthening its position in the defense sector with significant contracts from the U.S. Space Force and Space Development Agency.
MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED
MDA Space announced the successful launch of the first set of eight replenishment satellites for Globalstar Inc.'s low Earth orbit constellation. These satellites, developed and integrated in Montréal, were deployed via a SpaceX Falcon 9 rocket and represent a significant milestone as MDA Space's first commercial communications constellation as a prime contractor. The remaining nine satellites are nearing integration, aiming to extend Globalstar's existing constellation for direct-to-device services and IoT applications.
Falcon 9 Sends 8 Satellites Up—What Happens Next for Globalstar?
MDA Space and Globalstar announced the successful launch and deployment of the first eight replenishment satellites for Globalstar's low Earth orbit constellation. These satellites, developed by MDA Space, were launched on a SpaceX Falcon 9 and will undergo in-orbit testing. This marks MDA Space's first delivery of LEO satellites as a prime contractor for a commercial communications constellation, with nine more satellites nearing completion to extend Globalstar's constellation life for direct-to-device and IoT services.
Globalstar Announces Successful Launch and Deployment of Latest LEO Satellites
Globalstar successfully launched and deployed its latest low Earth orbit (LEO) satellites, marking a significant expansion of its constellation. All satellites are performing as expected after reaching their intended orbits and establishing communication with the Satellite Operations Command Center. These new satellites will undergo commissioning activities before integrating into the operational network, enhancing network resiliency for customers globally.
Globalstar Confirms Successful Launch of All 8 HIBLEO-4 Replacement Satellites
Globalstar (NASDAQ: GSAT) successfully launched and deployed all 8 HIBLEO-4 replacement satellites into low Earth orbit aboard a SpaceX Falcon 9 rocket. The company has established communications and control with all satellites, which are performing as expected. These satellites are now undergoing early orbit operations, including comprehensive system testing and calibration, before being integrated into Globalstar's operational constellation to provide additional network resiliency.
MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED
MDA Space announced the successful launch and deployment of the initial eight replenishment satellites for Globalstar Inc.'s low Earth orbit (LEO) constellation. These satellites, developed and integrated in Montréal, were launched on a SpaceX Falcon 9 rocket and mark MDA Space's first delivery as a prime contractor for commercial communications constellations. The remaining nine satellites are in final integration, and once operational, will extend Globalstar's existing constellation life for direct-to-device services.
Globalstar Confirms Successful Launch of All 8 HIBLEO-4 Replacement Satellites
Globalstar successfully launched all eight HIBLEO-4 replacement satellites aboard a SpaceX Falcon 9 rocket. The satellites have reached their intended orbital planes, and the company has established communication and control, with initial health assessments indicating normal performance. These satellites will undergo commissioning before integration into Globalstar's operational constellation to provide additional network resiliency.
SpaceX launches record-breaking back-to-back Falcon 9 rockets for Globalstar, U.S. Space Force
SpaceX successfully launched two Falcon 9 rockets within a record-breaking 38.5 minutes for Globalstar and the U.S. Space Force. The first mission deployed eight Globalstar satellites from Cape Canaveral, while the second carried a classified payload for the U.S. Space Force from Vandenberg Space Force Base. This achievement highlights SpaceX's rapid launch capabilities and marks significant milestones in booster landings.
SpaceX to launch Globalstar mission from Florida's Space Coast
SpaceX is set to launch the Globalstar 2-R Launch 1 mission from Cape Canaveral Space Force Station on Saturday night. The Falcon 9 rocket's first stage booster will be on its 14th flight and is expected to land back at Cape Canaveral. A backup launch window is available on Sunday evening.
Globalstar (GSAT) VP’s affiliated LLC sells 150,000 shares of voting stock
Globalstar (GSAT) VP, Finance & Operations Timothy Evan Taylor, through his affiliated LLC, Thermo Investments III, LLC, sold a total of 150,000 shares of Voting Common Stock. These sales occurred on August 12 and August 13, 2026, with volume-weighted average prices of $83.1502 and $82.8174 per share, respectively. Following these transactions, Taylor directly holds 255,467 shares of Voting Common Stock.
Timothy Evan Taylor Sells 75,000 Shares of Globalstar (NASDAQ:GSAT) Stock
Globalstar VP Timothy Evan Taylor sold 75,000 shares of GSAT stock for over $6.2 million, reducing his direct holdings by 23.42%. This sale occurred as GSAT shares traded near their 12-month high, despite the company reporting an adjusted loss and a revenue decline. Analysts currently maintain a "Hold" rating for Globalstar with an average price target below the current trading price.
Globalstar VP Timothy Taylor sells $12.4m in shares
Timothy Evan Taylor, Globalstar's VP of Finance & Operations and a Director, recently sold 150,000 shares of the company's common stock in two transactions, totaling over $12.4 million. Following these sales, Mr. Taylor retains direct ownership of 255,467 shares and indirect beneficial ownership of 170,244 shares through Thermo Investments III, LLC. The article also touches on other recent company news, including Amazon's satellite constellation proposal, Thermo Companies' partnership with Focus Automated Equities, and Globalstar's postponed satellite launch and annual meeting outcomes.
Globalstar VP Timothy Taylor sells $12.4m in shares
Timothy Evan Taylor, VP of Finance & Operations and a Director at Globalstar (NASDAQ:GSAT), recently sold 150,000 shares of the company's common stock in two transactions, totaling $12.4 million. The sales occurred on August 12 and 13, 2026, at average prices around $83 per share. Following these transactions, Mr. Taylor directly holds 255,467 shares and indirectly owns an additional 170,244 shares through Thermo Investments III, LLC.
Globalstar (GSAT) insider activity shows 75,000-share sale and 17.5M-share history
A recent SEC Form 144 filing reveals that Globalstar (GSAT) has a planned sale of 75,000 shares of common stock through UBS Financial Services Inc., valued at $6,222,750. The filing also details a prior acquisition of 17,500,000 shares in a 2021 private transaction from Thermo Funding II LLC. Additionally, Timothy Taylor sold 75,000 shares on August 12, 2026, for gross proceeds of $6,236,265.
Renaissance Technologies LLC Acquires New Holdings in Globalstar, Inc. $GSAT
Renaissance Technologies LLC has acquired a new position in Globalstar, Inc. (NASDAQ:GSAT), purchasing 22,600 shares valued at approximately $1.5 million in the first quarter. Despite this institutional interest, analyst sentiment remains cautious with a consensus "Hold" rating and a price target below current trading levels. The company reported a quarterly loss and decreased revenue, while insider selling has also been noted near the stock's 52-week high.
Globalstar (GSAT) Director Benjamin Wolff Sells 56,711 Shares
Globalstar (GSAT) Director Benjamin Wolff sold 56,711 shares for $83.33 each, totaling $4.73 million, significantly reducing his direct ownership. This sale is part of a larger trend of insider selling at Globalstar, with 32 insider sells and no buys over the past year, while the stock is deemed "Significantly Overvalued" by GuruFocus. Despite insider selling, institutional investors tracked by GuruFocus show a mixed but generally positive stance, with 3 gurus holding shares and adding to their positions.
Globalstar director Wolff sells $4.7 million in stock
Globalstar director Benjamin G. Wolff sold 56,711 shares of company stock in two transactions on August 11 and 12, 2026, totaling approximately $4.7 million. The sales occurred as the stock trades near its 52-week high after a 203% return over the past year. Following these sales, Wolff directly holds 4,116 shares.
Globalstar (NASDAQ:GSAT) Director Benjamin Wolff Sells 24,000 Shares
Globalstar (NASDAQ:GSAT) Director Benjamin Wolff sold 24,000 shares of the company's stock for approximately $2.00 million. This transaction reduced his direct holdings by 39.46% to 36,827 shares. The sale occurred as Globalstar shares traded near their 52-week high, despite the company reporting a quarterly loss that missed analyst estimates.
Globalstar, Inc. SEC Filing (Aug 12, 2026)
This article details Globalstar, Inc.'s Form 144 SEC filing on August 12, 2026, concerning a proposed sale of 75,000 shares of common stock with an aggregate market value of $6,232,500. The shares were acquired via a private transaction on May 27, 2021, from Thermo Funding II LLC. The filing also notes that no securities were sold in the past three months by the person making the sale.
Globalstar (NASDAQ:GSAT) Director Sells $2,721,228.09 in Stock
Globalstar (NASDAQ:GSAT) Director Benjamin Wolff sold 32,711 shares of the company's stock for over $2.72 million on August 12, 2026, significantly reducing his stake. Following the sale, Globalstar's shares saw a slight dip, trading at $83.22, while the company reported a quarterly loss and missed revenue expectations. Analysts currently have an average "Hold" rating for GSAT with a consensus price target of $69.00.
Don't Ignore The Insider Selling In Globalstar
A recent insider sale at Globalstar (NASDAQ: GSAT) by General Counsel & VP, L. Ponder, involved US$1.0m worth of shares sold at US$83.21, accounting for 8.4% of their holding. While this was the largest insider sale in the last year, there have been no insider purchases during the same period. Despite high insider ownership of 59%, the article expresses some hesitation due to the consistent share sales and lack of buying activity.
Globalstar (GSAT) director Benjamin Wolff sells 56,711 shares in August 2026 trades
Globalstar (GSAT) director Benjamin G. Wolff sold a total of 56,711 shares of Voting Common Stock in two separate transactions on August 11 and August 12, 2026. The sales were conducted at volume-weighted average prices of $83.5379 and $83.1852 per share, respectively. This insider activity indicates a net sale of shares by a director, though post-transaction holdings are not fully reported in the filing.
XCOM RAN by Globalstar Receives Frost & Sullivan's 2026 Global Enabling Technology Leadership Recognition for Private 5G Network Innovation
XCOM RAN by Globalstar has been awarded Frost & Sullivan's 2026 Global Enabling Technology Leadership Recognition for its innovative private 5G network platform. The company is recognized for its Supercell architecture, which simplifies deployment and management of private 5G networks, enabling high-performance connectivity for industrial automation and AI applications. This platform addresses the growing need for pervasive and reliable wireless infrastructure in Industry 4.0 environments.
Don't Ignore The Insider Selling In Globalstar
A Globalstar executive recently sold US$1.0m worth of shares, representing 8.4% of their holdings. While insiders have not bought any shares in the last year, they still own a significant 59% of the company. The article suggests caution despite high insider ownership due to recent selling activity.
Globalstar general counsel Ponder L. Barbee IV sells $394k in stock
Ponder L. Barbee IV, General Counsel at Globalstar, Inc. (NASDAQ:GSAT), sold 4,720 shares of the company's common stock for approximately $394,231. This insider sale occurred as Globalstar shares traded near their 52-week high after a significant 197% gain over the past year. The article also touches on other recent Globalstar news, including Amazon's proposed satellite constellation and Globalstar's postponed satellite launch with SpaceX.
Insider Selling: Globalstar (NASDAQ:GSAT) General Counsel Sells 4,720 Shares
Globalstar's General Counsel, L Barbee Iv Ponder, sold 4,720 shares of the company's stock for $394,214.40 on August 11th, reducing their holdings by 3.59%. This transaction occurred while GSAT traded near its 12-month high. The company recently missed its quarterly earnings estimates and analysts currently have a consensus "Hold" rating with a target price of $69.00.
GSAT (GSAT) insider files to sell 4,720 shares after recent 12,045-share sale
Globalstar, Inc. (GSAT) insider L. Barbee Ponder IV has filed to sell 4,720 shares of common stock, acquired through restricted stock vesting between 2017 and 2025. This planned sale follows a recent transaction on August 7, 2026, where the same insider sold 12,045 shares for an aggregate value of over $1 million. The shares will be sold through Cetera Investment Services on NASDAQ.
Globalstar (GSAT) holder plans sale of 56,711 shares valued at 4.73M
A Globalstar (GSAT) common stock holder has filed a Form 144 notice to sell up to 56,711 shares, valued at approximately $4.73 million, through Morgan Stanley on NASDAQ. The proposed sale date is August 10, 2026. The filing provides details on previous share acquisitions, including open market purchases and restricted stock vestings from 2019 to 2026.
Globalstar (GSAT) General Counsel sells 12,045 shares at $83.21 average price
Globalstar, Inc.'s General Counsel, Ponder L Barbee IV, sold 12,045 shares of Voting Common Stock on August 7, 2026. The shares were sold in multiple trades at prices ranging from $83.19 to $83.37, with a volume-weighted average price of $83.2142 per share, totaling approximately $1.00 million. Following this transaction, Barbee directly holds 131,303 shares of Globalstar common stock.
Dimensional Fund Advisors LP Raises Stock Holdings in Globalstar, Inc. $GSAT
Dimensional Fund Advisors LP increased its stake in Globalstar, Inc. (NASDAQ:GSAT) by 7.4% in the first quarter, now owning 231,690 shares valued at $15.4 million. Despite this, Globalstar reported a quarterly loss of $0.23 per share, missing consensus estimates, and its revenue declined. Analysts currently hold a consensus "Hold" rating on GSAT with a price target of $69.00.
Sei Investments Co. Buys 15,101 Shares of Globalstar, Inc. $GSAT
Sei Investments Co. increased its stake in Globalstar, Inc. (NASDAQ:GSAT) by 46.5% in the first quarter, purchasing 15,101 shares and bringing its total holdings to 47,599 shares valued at $3.16 million. Despite this institutional buying and other firms also increasing their positions, Globalstar reported a larger-than-expected quarterly loss of $0.23 per share and a 3.5% year-over-year revenue decline. The company currently holds a consensus "Hold" rating from analysts with an average price target of $69.00.
GSAT (GSAT) files Form 144 for planned 12,045-share stock sale
Globalstar, Inc. (GSAT) has filed a Form 144 indicating a planned sale of 12,045 shares of common stock through Cetera Investment Services. These shares, valued at approximately $1,000,340.74, are expected to be sold on or after August 7, 2026, on NASDAQ. The shares originated from restricted stock vesting events in 2020 and 2021 as compensation.
Globalstar Announces Second Quarter 2026 Financial Results
Globalstar, Inc. announced its financial results for the second quarter ended June 30, 2026, generating $64.8 million in revenue, driven by record Commercial IoT subscriber activations. The company also reported continued progress on the regulatory approval process for its merger with Amazon and advanced its next-generation satellite initiatives. Despite a net loss of $26.5 million for the quarter, Globalstar highlighted strong operational cash flow and ongoing strategic developments.
Globalstar Inc earnings missed by $0.17, revenue fell short of estimates
Globalstar Inc (NASDAQ: GSAT) reported a second-quarter EPS of $-0.1983, missing analyst estimates by $0.17, and revenue of $64.77M, falling short of the consensus estimate of $72.43M. Despite the earnings miss, the company's stock price has shown significant growth, increasing by 1.66% in the last 3 months and 230.54% in the last 12 months, with its Financial Health rated as "good performance" by InvestingPro.
Globalstar: Q2 Earnings Snapshot
Globalstar Inc. reported a loss of $26.5 million, or 23 cents per share, in its second quarter. The satellite communications company, based in Covington, Louisiana, posted total revenue of $64.8 million for the period. This financial summary was generated using data from Zacks Investment Research.
Globalstar Inc earnings missed by $0.17, revenue fell short of estimates
Globalstar Inc (NASDAQ: GSAT) reported Q2 earnings per share of $-0.1983, missing analyst estimates by $0.17. Revenue for the quarter was $64.77M, falling short of the $72.43M consensus estimate. Despite the miss, the company's stock has seen significant gains over the past year, and its financial health is rated as "good performance" by InvestingPro.
Globalstar, Inc. 2026: Revenue $64.77M, Net income ($26.54M), EPS ($0.23) — 10-Q Summary
Globalstar, Inc. (GSAT) reported its 2026 quarterly results, showing a revenue of $64.77 million, a net loss of $26.54 million, and a diluted EPS of ($0.23). These figures represent a decline compared to the prior-year quarter, which had revenue of $67.15 million, net income of $19.21 million, and EPS of $0.13. The company highlighted ongoing network investments, a continued focus on wholesale capacity revenue, and strategic moves including an amended Apple services agreement.
Globalstar Inc earnings missed by $0.17, revenue fell short of estimates
Globalstar Inc (NASDAQ: GSAT) reported second-quarter earnings per share of $-0.1983, missing analyst estimates by $0.17. Revenue for the quarter also fell short at $64.77 million against an estimated $72.43 million. Despite the earnings miss, Globalstar's stock has seen significant growth, up 1.66% in the last three months and 230.54% over the last year.
Globalstar (GSAT) Reports Q2 Loss, Lags Revenue Estimates
Globalstar (GSAT) reported a Q2 loss of $0.23 per share, significantly missing the Zacks Consensus Estimate of a $0.09 loss and reversing a profit from the prior year. The company also posted revenues of $64.77 million, falling short of analyst expectations by over 11%. Despite underperforming revenue and earnings estimates, Globalstar shares have gained 36.7% year-to-date, outperforming the S&P 500.
Globalstar Q2 2026 earnings: Higher costs drive an operating loss
Globalstar (NASDAQ: GSAT) reported a Q2 2026 operating loss, with revenue down about 4% to $64.8 million and diluted EPS at -$0.23, primarily due to higher transaction, network, and technology-development costs. While Commercial IoT subscriptions and equipment sales grew, increased expenses pushed adjusted EBITDA down to $26.0 million. The company's future performance hinges on Commercial IoT growth outweighing legacy subscriber churn, successful satellite deployment, and the completion of the Amazon transaction.
Globalstar Announces Second Quarter 2026 Financial Results
Globalstar, Inc. announced its second quarter 2026 financial results, reporting $64.8 million in revenue and record-high Commercial IoT subscriber activations. The company is continuing with the regulatory approval process for its merger with Amazon and progressing with its next-generation satellite constellation initiatives. Despite a net loss of $26.5 million for the quarter, Globalstar remains focused on long-term strategy and network enhancements.
Earnings Flash (GSAT) Globalstar, Inc. Reports Q2 Revenue $64.8M, vs. FactSet Est of $72.0M
Globalstar, Inc. (GSAT) reported Q2 revenue of $64.8 million, falling short of the FactSet estimate of $72.0 million. The company's stock, GSAT, has seen a +36.37% change year-to-date. Globalstar provides mobile satellite services, including voice and data communications through its global satellite network.
Globalstar Inc expected to post a loss of 7 cents a share - Earnings Preview
Globalstar Inc (GSAT) is expected to report a loss of 7 cents per share. This information comes from a Refinitiv earnings preview. The full article is available through a TradingView subscription.
