Globalstar, Inc. (GSAT)

Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. It offers duplex two-way voice and data products, including mobile voice and data services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. The company also provides data transmissions using a mobile or fixed device that transmits the location of the device and other information to a central monitoring station, including commercial IoT products; communication and data transmissions using SPOT family of devices, such as SPOT X, SPOT Gen4, and SPOT Trace that emergency alerts, and transmit messages and the location of the device; and voice communication and data transmissions. In addition, it offers commercial IoT devices to track assets comprising cargo containers and rail cars, monitor utility meters, and monitor oil and gas assets; small satellite transmitter modules, such as the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access its network; engineering and other communication services using MSS and terrestrial spectrum licenses; and hardware and software designs to develop specific applications operating over satellite network, as well as the installation of gateways and antennas. It distributes its products through retailers and sales force, as well as www.findmespot.com e-commerce website. The company serves forestry, maritime, government, oil and gas, mining, leisure, emergency services, construction, and transportation sectors. Globalstar, Inc. was founded in 1993 and is headquartered in Covington, Louisiana.

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• 4/17/2026POSITIVE
  Deal Dispatch: Amazon Buys Globalstar, Instacart Grabs Instaleap, QVC Announces Bankruptcy

  Amazon has agreed to acquire Globalstar in a deal valued at $11.6 billion. This strategic move by Amazon is expected to bolster its satellite communication capabilities, potentially integrating Globalstar's network into its broader ecosystem of services, including logistics and consumer devices. The acquisition signals a significant investment in satellite technology by a major tech player, aiming to enhance connectivity and expand service offerings. For investors, this acquisition represents a substantial valuation for Globalstar and highlights Amazon's aggressive expansion into new technological frontiers.

• 4/15/2026POSITIVE
  FCC Chair Brendan Carr Gives Nod To Amazon-Globalstar Deal As Satellite Internet Race With Elon Musk-Led SpaceX Intensifies: 'We're Very Open-Minded…'

  FCC Chair Brendan Carr has signaled approval for Amazon's acquisition of Globalstar, emphasizing the critical need for competition in the burgeoning space-based internet market. This endorsement from the FCC chair suggests a favorable regulatory environment for the deal, which is seen as a strategic move by Amazon to bolster its satellite internet capabilities. The approval is particularly significant as it intensifies the race against competitors like Elon Musk's SpaceX, potentially accelerating innovation and service expansion in the sector. Investors view this development positively, anticipating enhanced market dynamics and growth opportunities for Globalstar.

• 4/14/2026POSITIVE
  Amazon Targets SpaceX With $11.5-Billion Globalstar Deal

  Amazon has agreed to acquire Globalstar in a deal valued at $11.5 billion, a strategic move to bolster its presence in the satellite internet sector. This acquisition is poised to intensify competition with Elon Musk's Starlink. For investors, this signals Amazon's aggressive expansion into new technological frontiers and its commitment to developing a comprehensive satellite communication network. The deal is expected to enhance Globalstar's capabilities and market reach, potentially leading to significant growth and improved service offerings in the satellite internet space.

• 4/2/2026POSITIVE
  This space stock is hot — and both Amazon and SpaceX may want to buy it

  Globalstar Inc. is reportedly attracting acquisition interest from both Amazon and SpaceX, according to recent market speculation. The satellite communications company's spectrum assets are seen as highly valuable for Amazon's Project Kuiper, which aims to compete with SpaceX's Starlink internet service. This potential acquisition could significantly boost Globalstar's valuation and provide it with the resources to expand its network capabilities. Investors are closely watching developments, as a bidding war between these tech giants could drive the stock price higher.

• 4/2/2026NEUTRAL
  Acuity, Lindsay And 3 Stocks To Watch Heading Into Thursday

  U.S. stock futures are trading lower, signaling a cautious start to Thursday's session. Among individual stocks, Acuity Brands and Visionary Holdings reported strong earnings, potentially indicating resilience in specific sectors. Lindsay Corp is anticipated to release its earnings, with investors watching for performance indicators. Notably, Globalstar Inc. shares experienced a significant jump amid reports of acquisition talks with Amazon, a development that could reshape its market position. Conversely, AngioDynamics is expected to report a loss, suggesting potential headwinds for the company. The mixed signals across these companies create a complex outlook for the day's trading.