140 Summer Partners LP Acquires Stake in Globalstar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy GSAT?
Source: NASDAQ.COM
- New Investment Disclosure: On February 13, 2026, 140 Summer Partners LP disclosed a new stake in Globalstar, acquiring 917,500 shares valued at approximately $56 million, indicating confidence in the company's prospects.
- Ownership Analysis: This acquisition positions Globalstar to account for 4.14% of the fund's 13F reportable assets, although it does not rank among the top five holdings, it still signifies its importance within the investment portfolio.
- Stock Performance: As of February 13, 2026, Globalstar's shares were priced at $60.06, reflecting a 171.8% increase over the past year, significantly outperforming the S&P 500 by 160 percentage points, showcasing strong market optimism for its future growth.
- Market Positioning: As a leading provider of mobile satellite services, Globalstar focuses on expanding its 5G and IoT capabilities to meet mission-critical connectivity needs, underscoring its strategic significance in the satellite communications landscape.
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Analyst Views on GSAT
Wall Street analysts forecast GSAT stock price to fall
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 81.480
Low
60.00
Averages
67.00
High
75.00
Current: 81.480
Low
60.00
Averages
67.00
High
75.00
About GSAT
Globalstar, Inc. is a global telecommunications provider. The Company provides mobile satellite services, including voice and data communications services to retail, business and governmental customers, as well as wholesale satellite capacity services. It also offers these services over its network of in-orbit satellites and ground stations. Its low earth orbit (LEO) satellite constellation and licensed Band 53/n53 spectrum, it delivers satellite and terrestrial connectivity solutions. Its comprehensive connectivity ecosystem includes a software-defined, purpose-built private wireless network platform, coupled with Globalstar Band 53 in XCOM RAN and trusted GPS messengers Saved by SPOT for safety and personal communication for business and enterprise applications. The Company serves business, enterprise, and consumer markets across the globe. It supports applications that track and protect assets, enable automation, enhance operational efficiency, and safeguard lives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Amazon Leo Initiative: Amazon's Leo satellite network has launched 300 satellites and plans to expand through a $11.6 billion acquisition of Globalstar, although it still needs to reach at least 1,618 satellites for commercial service, indicating its ambitions in satellite communications.
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- Rising Capital Expenditures: Amazon anticipates capital expenditures will hit $200 billion by 2026, exceeding analyst expectations by $50 billion, highlighting significant investment decisions in AI and satellite internet services.
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- Capital Expenditure Increase: Amazon anticipates capital expenditures will reach $200 billion by 2026, a substantial rise from last year, primarily driven by investments in artificial intelligence and satellite internet services, which will enhance the company's future growth and competitive edge.
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