$GSAT

Globalstar reported Q2 2026 revenue of $64.8 million, down from $67.1 million a year earlier, citing higher transaction, network, and technology-development costs. Operating expenses rose to $69.5 million, leading to a $4.8 million operating loss. Commercial IoT subscribers increased to 580,427. The proposed Amazon acquisition awaits approvals, with closing expected in 2027.

Amazon filed a draft prospectus for its proposed acquisition of satellite operator Globalstar, saying three other potential bidders were involved. According to TMF Associates, Amazon’s indicative bids rose from $47.50 cash to $90 cash or $70 to $75 in Amazon stock, with exclusivity signed Dec. 6. The article discusses likely identities of the other bidders and possible follow-on impacts for spectrum.

Globalstar, Inc. (GSAT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 gsat20260630-ex991.htm EX-99.1 Document GLOBALSTAR ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS • Generated second quarter 2026 revenue of $64.8 million with record high Commercial IoT subscriber activations. • Continued progress on regulatory approval process in con

Globalstar (GSAT) rose about 3% in July while AST SpaceMobile, Rocket Lab and other space stocks fell sharply. According to the company, Amazon agreed in April to acquire GSAT for about $11.6B, offering $90 cash or 0.3210 Amazon shares per GSAT share, with close expected in 2027. GSAT guided 2026 revenue of $280M-$305M and ~50% EBITDA margin.

According to a securities filing summarized by MLex, the Hart-Scott-Rodino waiting period for Amazon’s proposed acquisition of Globalstar expired on July 17 after the parties withdrew and refiled US premerger notifications. The deal remains under review at the US Federal Communications Commission and is expected to close in 2027.

Amazon filed with the FCC to launch an Amazon Leo Direct-to-Device satellite constellation of up to 5,105 satellites, using spectrum tied to its pending Globalstar acquisition, according to Amazon. The L-band and S-band system is meant to complement Amazon Leo broadband and Globalstar networks, targeting disaster response, fleet management, IoT and emergency messaging.

Amazon filed with the FCC for approval of a 5,105-satellite constellation to provide satellite-to-phone mobile connectivity. The plan follows Amazon’s acquisition of Globalstar’s satellite operations and spectrum, intended to complement its LEO broadband network. Amazon expects launches to start in 2028, with services aimed at areas lacking cellular coverage, while facing launch and adoption challenges.

Amazon (AMZN) disclosed an FCC application to launch up to 5,105 internet satellites for direct-to-device connectivity, targeting service launch in 2028. The article also says Apple (AAPL) will introduce an “Apple Upgrade” financing program replacing an iPhone-only plan, with Klarna (KLAR) replacing Citizens Bank (CFG). It notes implications for AT&T (T), Verizon (VZ) and capex/cash flow ahead of Amazon earnings.

GSMA Intelligence reports mobile network operators are seeking more control of non-terrestrial networks (NTN). It cites a US JV among AT&T, Verizon and T-Mobile US to jointly invest and develop direct-to-device NTN, and notes most NTN deployments remain in testing. As of June 2026, 132 operators had NTN relationships or constellations, 89 in planning/testing. It also mentions Iridium’s $8B acquisition by Rocket Lab and Amazon’s Kuiper buildout.

The ITU Radio Regulations Board denied Globalstar Inc.’s request to extend launch and deployment milestones for its French-licensed non-geostationary satellite fleet (HIBLEO-X and HIBLEO-4). Globalstar cited a 2009 earthquake affecting Thales Alenia Space manufacturing, but the ITU said risk assessments and supply-chain due diligence were insufficient. The decision may affect Globalstar’s $11.6 billion Amazon acquisition and integration.