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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GSAT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 80.030
Low
60.00
Averages
67.00
High
75.00
Current: 80.030
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.
SpaceX's IPO Prospects Amid Amazon Competition
- SpaceX IPO Valuation: SpaceX is preparing for its IPO with an expected valuation of $2 trillion, making it the highest-valued IPO in history, reflecting its immense potential in the space technology sector.
- Starlink Revenue Performance: According to Reuters, Starlink generated $15 billion to $16 billion in revenue last year with profits around $8 billion, demonstrating strong performance in the satellite internet service market, although this profitability may be temporary.
- Amazon Leo Competition: Amazon's Leo project plans to deploy over 3,000 satellites, and while it has not yet provided widespread service, it has already secured agreements with multiple commercial customers, showcasing its formidable competitive strength in the satellite internet market.
- Intensifying Capital Competition: While SpaceX aims to raise substantial funds through its IPO, Amazon boasts $123 billion in cash reserves and can attract customers through bundled services, posing a significant threat to SpaceX's market share.
See More
Amazon Leo Set to Compete with SpaceX's Starlink
- Intensifying Competition: Amazon Leo is set to compete directly with SpaceX's Starlink satellite internet service, leveraging its substantial cash position of $123 billion, which could undermine SpaceX's market dominance.
- Customer Base Expansion: Although Amazon Leo has not yet launched widespread services, it has already secured partnerships with major commercial clients such as AT&T, DirecTV Latin America, and JetBlue, indicating strong market appeal and potential for customer growth.
- Acquisition Strategy: Amazon's announcement of an $11.6 billion acquisition of Globalstar enhances its direct-to-device service capabilities, further solidifying its competitive edge in the satellite internet market, alongside a partnership with Apple to provide satellite services for iPhone and Apple Watch.
- Future Outlook: While SpaceX holds a first-mover advantage in the satellite internet sector, Amazon's entry will significantly heighten competition, prompting investors to consider the implications of this dynamic on SpaceX's upcoming IPO.
See More
Amazon's Space Race Against SpaceX Heats Up
- Amazon's Investment Plans: Amazon plans to invest over $10 billion in its low Earth orbit satellite project, Amazon Leo, but with its budget doubling, it faces competitive pressure from SpaceX, which could lead to declining free cash flow for several years.
- Acquisition of Globalstar: Amazon's acquisition of Globalstar for approximately $11.6 billion, which operates 24 satellites and holds key radio spectrum licenses, could accelerate the deployment of Amazon Leo and enhance its competitiveness against SpaceX's Starlink.
- Launch Capacity Bottleneck: Amazon's reliance on external companies for satellite launches, in contrast to SpaceX's ability to launch its own rockets, has resulted in SpaceX being able to deploy thousands of satellites annually, further solidifying its market lead.
- Increased Investment Risks: With projected capital expenditures reaching $200 billion by 2026, Amazon may face negative free cash flow, and while management is confident in returns from cloud computing and e-commerce, the investment in Leo carries higher uncertainty, prompting investors to proceed with caution.
See More
Amazon's Acquisition of Globalstar Accelerates Space Economy
- Amazon's Investment Plans: Amazon initially planned to invest $10 billion in 2020 for its low Earth orbit satellite constellation but has now decided to more than double its budget, reflecting its ambition in the space economy.
- Acquisition of Globalstar: Amazon's acquisition of Globalstar for approximately $11.6 billion, which operates 24 satellites and holds key radio spectrum licenses, is expected to accelerate the progress of the Amazon Leo project.
- Satellite Deployment Progress: Despite aiming to deploy over 3,000 satellites, Amazon has only managed to deploy 241 so far, facing a July 30, 2026 FCC requirement, necessitating an expansion of its launch capacity.
- Investment Risks and Opportunities: With capital expenditures projected at $200 billion, Amazon may face negative free cash flow in 2026; however, management remains confident in returns from cloud computing and e-commerce investments, while the risks associated with the Leo project warrant attention.
See More
Amazon's Data Center Investments Continue to Grow
- Significant Stock Growth: Amazon's stock has increased by 46.38% year-over-year and 11.56% year-to-date, reflecting strong market performance and investor confidence, which is expected to further enhance the company's market capitalization.
- Accelerated Strategic Partnerships: The updated agreement with NiSource accelerates the energization of Amazon sites, allowing residents to benefit from cost savings and bill credits sooner, which not only enhances customer satisfaction but also strengthens Amazon's competitive position in the energy services sector.
- Merger Expands Services: Amazon's definitive merger agreement with Globalstar enhances its low Earth orbit satellite network's direct-to-device service capabilities, expected to extend customer network coverage, thereby solidifying Amazon's strategic position in space-based connectivity.
- Data Center Investment Plans: Amazon's total planned investment in its Mississippi data centers has reached $25 billion, expected to create 2,000 jobs, while additional investments in Madison County and Hinds County will drive local economic development, reflecting Amazon's commitment to infrastructure development.
See More
Amazon's Acquisition of Globalstar Intensifies Space Race
- Acquisition Context: Amazon's acquisition of satellite operator Globalstar on April 14 marks a significant move in the space race, directly challenging SpaceX's dominance in the low-Earth orbit market, which is projected to be worth $200 billion.
- Market Reaction: Globalstar's stock surged amid reports of bidding wars between Amazon and SpaceX, reflecting the market's keen interest in this space competition, especially with SpaceX seen as a potential frontrunner.
- Spectrum Control: Globalstar owns valuable L-band and MSS spectrum crucial for satellite-to-phone connectivity, and Amazon's acquisition enhances its competitive edge in this emerging market while solidifying its partnership with Apple.
- Strategic Implications: This acquisition is not just an expansion strategy for Amazon but a direct strike against SpaceX, indicating that competition in the space market is intensifying and will become increasingly complex and personal.
See More
SpaceX's IPO Prospects Amid Amazon Competition
- SpaceX IPO Valuation: SpaceX is preparing for its IPO with an expected valuation of $2 trillion, making it the highest-valued IPO in history, reflecting its immense potential in the space technology sector.
- Starlink Revenue Performance: According to Reuters, Starlink generated $15 billion to $16 billion in revenue last year with profits around $8 billion, demonstrating strong performance in the satellite internet service market, although this profitability may be temporary.
- Amazon Leo Competition: Amazon's Leo project plans to deploy over 3,000 satellites, and while it has not yet provided widespread service, it has already secured agreements with multiple commercial customers, showcasing its formidable competitive strength in the satellite internet market.
- Intensifying Capital Competition: While SpaceX aims to raise substantial funds through its IPO, Amazon boasts $123 billion in cash reserves and can attract customers through bundled services, posing a significant threat to SpaceX's market share.
See More
Amazon Leo Set to Compete with SpaceX's Starlink
- Intensifying Competition: Amazon Leo is set to compete directly with SpaceX's Starlink satellite internet service, leveraging its substantial cash position of $123 billion, which could undermine SpaceX's market dominance.
- Customer Base Expansion: Although Amazon Leo has not yet launched widespread services, it has already secured partnerships with major commercial clients such as AT&T, DirecTV Latin America, and JetBlue, indicating strong market appeal and potential for customer growth.
- Acquisition Strategy: Amazon's announcement of an $11.6 billion acquisition of Globalstar enhances its direct-to-device service capabilities, further solidifying its competitive edge in the satellite internet market, alongside a partnership with Apple to provide satellite services for iPhone and Apple Watch.
- Future Outlook: While SpaceX holds a first-mover advantage in the satellite internet sector, Amazon's entry will significantly heighten competition, prompting investors to consider the implications of this dynamic on SpaceX's upcoming IPO.
See More
Amazon's Space Race Against SpaceX Heats Up
- Amazon's Investment Plans: Amazon plans to invest over $10 billion in its low Earth orbit satellite project, Amazon Leo, but with its budget doubling, it faces competitive pressure from SpaceX, which could lead to declining free cash flow for several years.
- Acquisition of Globalstar: Amazon's acquisition of Globalstar for approximately $11.6 billion, which operates 24 satellites and holds key radio spectrum licenses, could accelerate the deployment of Amazon Leo and enhance its competitiveness against SpaceX's Starlink.
- Launch Capacity Bottleneck: Amazon's reliance on external companies for satellite launches, in contrast to SpaceX's ability to launch its own rockets, has resulted in SpaceX being able to deploy thousands of satellites annually, further solidifying its market lead.
- Increased Investment Risks: With projected capital expenditures reaching $200 billion by 2026, Amazon may face negative free cash flow, and while management is confident in returns from cloud computing and e-commerce, the investment in Leo carries higher uncertainty, prompting investors to proceed with caution.
See More
Amazon's Acquisition of Globalstar Accelerates Space Economy
- Amazon's Investment Plans: Amazon initially planned to invest $10 billion in 2020 for its low Earth orbit satellite constellation but has now decided to more than double its budget, reflecting its ambition in the space economy.
- Acquisition of Globalstar: Amazon's acquisition of Globalstar for approximately $11.6 billion, which operates 24 satellites and holds key radio spectrum licenses, is expected to accelerate the progress of the Amazon Leo project.
- Satellite Deployment Progress: Despite aiming to deploy over 3,000 satellites, Amazon has only managed to deploy 241 so far, facing a July 30, 2026 FCC requirement, necessitating an expansion of its launch capacity.
- Investment Risks and Opportunities: With capital expenditures projected at $200 billion, Amazon may face negative free cash flow in 2026; however, management remains confident in returns from cloud computing and e-commerce investments, while the risks associated with the Leo project warrant attention.
See More
Amazon's Data Center Investments Continue to Grow
- Significant Stock Growth: Amazon's stock has increased by 46.38% year-over-year and 11.56% year-to-date, reflecting strong market performance and investor confidence, which is expected to further enhance the company's market capitalization.
- Accelerated Strategic Partnerships: The updated agreement with NiSource accelerates the energization of Amazon sites, allowing residents to benefit from cost savings and bill credits sooner, which not only enhances customer satisfaction but also strengthens Amazon's competitive position in the energy services sector.
- Merger Expands Services: Amazon's definitive merger agreement with Globalstar enhances its low Earth orbit satellite network's direct-to-device service capabilities, expected to extend customer network coverage, thereby solidifying Amazon's strategic position in space-based connectivity.
- Data Center Investment Plans: Amazon's total planned investment in its Mississippi data centers has reached $25 billion, expected to create 2,000 jobs, while additional investments in Madison County and Hinds County will drive local economic development, reflecting Amazon's commitment to infrastructure development.
See More
Amazon's Acquisition of Globalstar Intensifies Space Race
- Acquisition Context: Amazon's acquisition of satellite operator Globalstar on April 14 marks a significant move in the space race, directly challenging SpaceX's dominance in the low-Earth orbit market, which is projected to be worth $200 billion.
- Market Reaction: Globalstar's stock surged amid reports of bidding wars between Amazon and SpaceX, reflecting the market's keen interest in this space competition, especially with SpaceX seen as a potential frontrunner.
- Spectrum Control: Globalstar owns valuable L-band and MSS spectrum crucial for satellite-to-phone connectivity, and Amazon's acquisition enhances its competitive edge in this emerging market while solidifying its partnership with Apple.
- Strategic Implications: This acquisition is not just an expansion strategy for Amazon but a direct strike against SpaceX, indicating that competition in the space market is intensifying and will become increasingly complex and personal.
See More
