Globalstar Expects FY26 Adjusted EBITDA Growth of 50%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
Should l Buy GSAT?
Sees FY26 adjusted EBITDA 50%. Jacobs continued, "As we enter 2026, we believe the momentum we have built gives us a strong foundation to scale. With replacement 2nd generation satellites rolling off the line, continued progress on key regulatory and network infrastructure initiatives, the commercial rollout of two-way IoT capabilities, and traction for XCOM RAN, we are moving decisively from groundwork to growth. We believe Globalstar is uniquely positioned to deliver differentiated connectivity solutions that combine satellite innovation, licensed spectrum, and proprietary wireless technology to meet the evolving needs of customers worldwide."
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Analyst Views on GSAT
Wall Street analysts forecast GSAT stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 58.770
Low
60.00
Averages
67.00
High
75.00
Current: 58.770
Low
60.00
Averages
67.00
High
75.00
About GSAT
Globalstar, Inc. is an international telecom infrastructure provider. It provides mobile satellite services, including voice and data communications and wholesale capacity services through its global satellite network. Its low earth orbit (LEO) satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Its terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks to improve customer wireless connectivity, while its XCOM RAN product offers capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, it offers Internet of things (IoT) hardware and software products for tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions.
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.
FCC Chairman Criticizes Amazon's Satellite Plans Amid Deployment Shortfalls
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- Amazon's Opposition: Last week, Amazon requested the FCC to reject SpaceX's application, characterizing it as a 'lofty ambition rather than a real plan' and highlighting SpaceX's lack of detailed information on achieving its goals, reflecting Amazon's competitive concerns.
- Investment and Progress: Amazon has invested over $10 billion in its low Earth orbit satellite service and has launched at least 200 satellites since April last year, yet it faces a pressing deadline to deploy 1,600 satellites by 2026.
- Regulatory Environment Impact: In its petition, Amazon noted that SpaceX's proposal could exacerbate international regulatory concerns about monopolization of space resources, potentially distorting planning for other operators in low Earth orbit and affecting international spectrum and orbital coordination.
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- Ownership Analysis: This acquisition positions Globalstar at 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.
- Strong Market Performance: As of February 13, 2026, Globalstar's share price stood at $60.06, reflecting a remarkable 171.8% increase over the past year, significantly outperforming the S&P 500 by 160 percentage points, showcasing optimistic market expectations for future growth.
- Broad Industry Outlook: As a leading provider of mobile satellite services, Globalstar's focus on expanding 5G and IoT capabilities positions it to benefit from the ongoing demand for remote connectivity, particularly in critical sectors such as maritime transport and energy operations.
See More
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- 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.
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See More
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- FCC Chairman's Remarks: FCC Chairman Brendan Carr criticized Amazon during a hearing for falling approximately 1,000 satellites short of its upcoming deployment milestone, urging the company to focus on its own challenges rather than opposing others' plans.
- Amazon's Opposition: Last week, Amazon requested the FCC to reject SpaceX's application, characterizing it as a 'lofty ambition rather than a real plan' and highlighting SpaceX's lack of detailed information on achieving its goals, reflecting Amazon's competitive concerns.
- Investment and Progress: Amazon has invested over $10 billion in its low Earth orbit satellite service and has launched at least 200 satellites since April last year, yet it faces a pressing deadline to deploy 1,600 satellites by 2026.
- Regulatory Environment Impact: In its petition, Amazon noted that SpaceX's proposal could exacerbate international regulatory concerns about monopolization of space resources, potentially distorting planning for other operators in low Earth orbit and affecting international spectrum and orbital coordination.
See More
140 Summer Partners Acquires New Stake in Globalstar
- New Investment Disclosure: On February 13, 2026, 140 Summer Partners LP disclosed the acquisition of 917,500 shares of Globalstar, valued at an estimated $56 million, indicating strong confidence in the company's prospects.
- Ownership Analysis: This acquisition positions Globalstar at 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.
- Strong Market Performance: As of February 13, 2026, Globalstar's share price stood at $60.06, reflecting a remarkable 171.8% increase over the past year, significantly outperforming the S&P 500 by 160 percentage points, showcasing optimistic market expectations for future growth.
- Broad Industry Outlook: As a leading provider of mobile satellite services, Globalstar's focus on expanding 5G and IoT capabilities positions it to benefit from the ongoing demand for remote connectivity, particularly in critical sectors such as maritime transport and energy operations.
See More
140 Summer Partners LP Acquires Stake in Globalstar
- 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.
See More
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- New ETF Launch: Roundhill Investments launched the Roundhill Space & Technology ETF (BATS:MARS) on Thursday, focusing on the space economy and expected to attract investment interest in space exploration and related technologies.
- Significant Market Potential: According to McKinsey, the global space economy is projected to grow from $630 billion in 2023 to $1.8 trillion by 2035, highlighting the immense investment potential and strategic significance of this sector.
- Holdings Structure Analysis: The ETF starts with 23 holdings, with the top ten accounting for 29.3% of assets, including Rocket Lab (10.33%) and EchoStar (8.99%), indicating Roundhill's emphasis on companies related to space infrastructure.
- Differentiation from Other ETFs: Roundhill's space ETF has a higher weighting in top holdings like Rocket Lab and EchoStar compared to other space ETFs such as Procure Space ETF and Ark Space & Defense Innovation ETF, showcasing its unique investment strategy and market positioning.
See More
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- Partnership Announcement: SpaceX's Starlink has partnered with German telecom giant Deutsche Telekom to launch a satellite mobile service in 10 European countries by 2028, targeting areas where network expansion is particularly challenging, including nature conservation zones and rugged terrains.
- Technological Advancement: This service will be the first in Europe to utilize Starlink's second-generation satellites, known as V2, and is expected to enhance user experience by providing broadband directly to mobile phones, expanding capabilities in data, voice, and messaging.
- Market Expansion: With approximately 9,000 satellites in orbit and around 9 million customers, Starlink's collaboration with Deutsche Telekom is poised to significantly increase its market share, particularly in underserved regions with limited network coverage.
- IPO Prospects: SpaceX is reportedly aiming for an IPO this year, seeking to raise up to $50 billion with a potential valuation of $1.5 trillion, which could have a profound impact on the entire private space market.
See More
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- Significant Revenue Growth: Globalstar reported Q4 revenue of $71.96 million, surpassing analyst expectations of $71.22 million, primarily driven by a 17% year-over-year increase in wholesale capacity services, indicating strong market demand.
- Improved Net Loss: The company reduced its net loss from $50.2 million year-over-year to $11.6 million, although the EPS loss of 11 cents was wider than the expected 1-cent loss, reflecting efforts in cost control and operational efficiency.
- Record Annual Performance: For fiscal 2025, Globalstar achieved a record revenue of $273 million, marking its fourth consecutive year of growth, with adjusted EBITDA reaching $136.1 million, showcasing strong operational profitability and competitive positioning.
- Positive Future Outlook: The company anticipates fiscal 2026 revenue between $280 million and $305 million, with an adjusted EBITDA margin of approximately 50%, indicating that its strategic focus on global infrastructure expansion and product innovation is beginning to yield results.
See More
