GSAT News & Events

Amazon (AMZN) is taking over Apple's (AAPL) 20% stake in Globalstar (GSAT) as part of its $11.6B acquisition of the company. "Amazon's investment in constellation expansion and technical improvements will strengthen the 1.6/2.4 GHz MSS that millions of iPhone users depend upon today for safety in areas without cellular coverage," Amazon wrote in a regulatory filing.

Globalstar announced that Globalstar's HIBLEO-4 replenishment satellites will launch on a SpaceX Falcon 9 rocket on Sunday, May 17 during a 14-minute window that opens at 8:50 a.m. ET, from Cape Canaveral Space Force Station in Florida. The satellites are designed to help replenish Globalstar's existing low Earth orbit constellation, supporting continued network resilience and service reliability across the company's satellite communications offerings. "This launch represents another important step in sustaining and strengthening the infrastructure our customers rely on every day," said Dr. Paul E. Jacobs, Chief Executive Officer, Globalstar. "As we continue executing our long-term strategy, replenishing our existing constellation remains a critical part of delivering resilient satellite services around the world."

Reports Q1 revenue $70.1M, consensus $70.56M. "We delivered strong operational and financial results in the first quarter, continuing the momentum we built entering 2026," said Dr. Paul E. Jacobs, CEO of Globalstar. "Demand is growing across our government, defense, and private wireless businesses, reflecting the market's need for scalable, integrated solutions across both satellite and terrestrial based connectivity. Subsequent to the quarter end, we announced our entry into a merger agreement with Amazon, which we believe marks a significant milestone - one that validates the long-term strategy Globalstar has pursued for more than 30 years and positions us to deliver on the vision of connecting users and devices anywhere and anytime. Finally, Globalstar greatly appreciates the recent decision of the FCC's Space Bureau regarding the exclusive nature of our licensed MSS spectrum."