$GSAT

AST SpaceMobile (ASTS) shares fell overnight as the FCC approved Amazon's $11.5B acquisition of Globalstar. Amazon plans to deploy a satellite-to-device system by 2028, competing with ASTS, which has FCC authorization for 248 satellites and partnerships with AT&T and Verizon. ASTS stock is down 42% year-to-date, with mixed retail trader sentiment.

Reliance Jio, Bharti Airtel, and Vodafone Idea seek regulatory approval for higher-power 6 GHz Wi-Fi operations in India. Bangladesh's telecom operators propose deeper cuts in spectrum renewal fees. The FCC approved Amazon's $11.5B acquisition of Globalstar to expand satellite connectivity.

The Federal Communications Commission approved Amazon Leo's $11.57 billion acquisition of Globalstar. Amazon Leo, which has launched over 300 satellites, aims to expand its network with Globalstar's two dozen satellites, adding to its existing 200.

The FCC approved Globalstar's C-3 satellite constellation, allowing it to provide direct-to-device connectivity in the US. Globalstar, which Apple is acquiring for $11.6 billion, plans to launch 48 operational LEO satellites by 2032. The system will support Apple's satellite communication services.

Globalstar, a satellite connectivity provider for iPhone's emergency SOS feature, received FCC approval for its C-3 constellation. The system, backed by a $1B Apple investment, aims to improve satellite services with 48 low-Earth orbiting satellites. Globalstar plans to launch the first satellites in 2027, with Amazon acquiring the company to expand satellite-to-phone connectivity beyond Apple devices.

Globalstar (GSAT) completed its expanded ground station in Greece, doubling antenna capacity for its C-3 mobile satellite system. This is part of a broader program to add 90 antennas across 35 sites. Analysts view this as a step toward better service quality for government, enterprise, and IoT customers, but note that customer uptake and financial strain remain key risks.

Insiders at Ulta Beauty (ULTA), Redwire (RDW), Best Buy (BBY), Globalstar (GSAT), and Ciena (CIEN) sold shares. Ulta's director sold 2,000 shares for $1.09M. Redwire's director sold 929,435 shares for $10.54M. Best Buy's director sold 116,062 shares for $10.70M. Globalstar's insider sold 1,692 shares for $140,351. Ciena's director sold 3,738 shares for $1.34M.

Globalstar, Inc.'s (GSAT) General Counsel sold 1,692 shares worth $140,363 on September 21, 2026, at an average price of $82.96. The sale was part of a tax-related program. GSAT shares are near their 52-week high, up 129% over the past year. InvestingPro analysis suggests the stock is overvalued. Prior to the sale, the executive acquired 4,000 shares under the company's Equity Incentive Plan.

Ponder L Barbee IV (General Counsel) sold 1,692 shares of Globalstar, Inc. (GSAT) at $82.96 ($0.14M total) on 2026-09-21.

Lynch James F sold 361,600 indirectly-held shares of Globalstar, Inc. (GSAT) at $82.52 ($29.84M total) on 2026-09-18.