$GSAT

Globalstar (GSAT) has launched new satellites, expanding its low Earth orbit constellation to enhance mobile satellite services and data connectivity. This deployment is part of the company's growth strategy, aiming to improve connectivity in areas not covered by traditional networks. Investors are watching for updates on satellite commissioning and commercial service timelines, especially related to the Amazon agreement.

Lynch James F sold 110,000 indirectly-held shares of Globalstar, Inc. (GSAT) at $81.78 ($9.00M total) on 2026-08-26.

Wolff Benjamin G sold 19,998 shares of Globalstar, Inc. (GSAT) at $82.21 ($1.64M total) on 2026-08-21.

Rocket Lab (RKLB) shares rose 1% after confirming the successful orbit deployment of eight satellites for MDA Space under a $143M contract. The satellites, part of a 17-platform agreement, will support Globalstar's IoT services. RKLB stock closed last week at $80.25, ending a two-week winning streak. CEO Peter Beck highlighted the company's vertical integration and full mission lifecycle capabilities.

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.

Analyst actions: DA Davidson upgraded Duolingo (DUOL) to Buy, PT $160 (from $130). Citi upgraded Bath & Body Works (BBWI) to Buy, PT $25. KeyBanc upgraded Acadia Realty Trust (AKR) to Overweight, PT $25. Mizuho downgraded Norwegian Cruise Line (NCLH) to Neutral, PT $17 (from $22). Multiple other upgrades/downgrades and initiations were issued across retail, real estate, telecom, and healthcare.

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.

Globalstar (GSAT) reported Q2 2026 revenue of $64.77M and a net loss of $26.54M, then said new low Earth orbit satellites were successfully deployed. The stock is up 28.75% YTD and 212.68% over 1 year, though it pulled back last week. Simply Wall St cites a $90 fair value versus a $82.39 close and discusses valuation versus telecom peers.