Lynch James F sold $9.0M of GSAT (indirect holdings)

Globalstar (GSAT) shares rose 15% after reports of Amazon (AMZN) considering an acquisition, potentially accelerating its broadband network against SpaceX's Starlink. Amazon has signed airline deals for in-flight Wi-Fi. A final agreement is not yet reached, and talks may change or fail. Apple holds a 20% stake in Globalstar, influencing any takeover. The FCC is set to vote on spectrum-power limit revisions that could boost satellite broadband capacity.

Globalstar (GSAT) launched 8 new satellites, a key milestone for Amazon's $11.6B acquisition. The satellites support emergency services and are part of the HIBLEO-4 program. The deal, pending regulatory approval and satellite milestones, is expected to close in 2027. Globalstar's Q2 2026 revenue was $64.8M, with high IoT subscriber activations.

Globalstar successfully launched eight HIBLEO-4 satellites into LEO on a SpaceX Falcon 9 rocket. These are part of 17 satellites needed to maintain service continuity. The satellites, built by MDA Space, support Globalstar's SPOT service for emergency communications. Amazon is acquiring Globalstar for $11.57B, with Apple as a key customer. Rocket Lab's shares rose 4.3% post-launch.

Globalstar (GSAT) shares fell about 1.2% in pre-open trading after Craig-Hallum downgraded the stock from Buy to Hold. The article cites Globalstar’s price near a 52-week high of $84.85 versus InvestingPro fair value of $49.23, plus insider selling by executives. It also notes a Q2 2026 EPS loss of $0.23 vs $0.09 consensus and satellite deployment progress.

MDA Space delivered eight replenishment communications satellites to orbit for Globalstar, launched on a SpaceX Falcon 9 from Cape Canaveral. Globalstar says all eight reached intended orbit and are performing normally, with commissioning underway. The satellites replace aging fleet. Globalstar ordered 17 in 2022 ($415m) and also has a $1.1b MDA Aurora contract for 50+ satellites.

California’s CPUC conditionally approved Charter Communications and Cox Communications’ $34.5bn cable merger, with FCC approval already in place. Deutsche Telekom agreed to buy Poland’s Fiberhost and Inea for €1bn. Globalstar launched eight LEO satellites under a $327m MDA Space deal. VodafoneThree cited a study claiming UK connectivity confidence issues cost up to £115bn in productivity.