Welcome to our dedicated page for Globalstar news (Ticker: GSAT), a resource for investors and traders seeking the latest updates and insights on Globalstar stock.
Globalstar, Inc. reports developments in satellite and terrestrial connectivity, including mobile satellite services, low Earth orbit satellite infrastructure, licensed Band 53/n53 spectrum and private wireless technology. Its recurring news themes include XCOM RAN private 5G deployments, IoT and direct-to-device connectivity, ground-station expansion, spectrum-enabled partnerships, government and defense collaborations, and operating results.
The company serves business, enterprise, consumer and governmental markets with voice, data, asset-tracking, safety and personal communications services. Updates also cover satellite network upgrades, product modules, ecosystem partners and material corporate actions tied to its communications infrastructure and capital structure.
Rocket Lab (Nasdaq: RKLB) announced that eight advanced 500kg satellite platforms it built for MDA Space, prime contractor for Globalstar (Nasdaq: GSAT), have successfully reached orbit under a $143 million deal covering 17 platforms. The first eight satellites in the replenishment constellation were launched on August 15 from Cape Canaveral at 9:12 p.m. ET. Rocket Lab has established contact with all eight satellites and confirmed they are performing nominally and generating power on orbit, with spacecraft commissioning now underway to support Globalstar’s direct-to-device and IoT services.
The platforms are customized versions of Rocket Lab’s Lightning satellite platform, built and tested in Long Beach and incorporating in-house components such as solar arrays, reaction wheels, avionics elements, TT&C radios, and software. Lightning is also in production for additional missions, including U.S. Space Force and Space Development Agency constellations.
MDA Space (TSX:MDA, NYSE:MDA) and Globalstar (NASDAQ:GSAT) reported the successful launch and deployment of the first eight replenishment satellites for Globalstar’s existing low Earth orbit constellation. The satellites, developed, integrated and tested in Montréal by MDA Space, were launched on August 15, 2026 at 9:12 p.m. ET on a SpaceX Falcon 9 from Cape Canaveral.
According to MDA Space, this is the company’s first delivery of LEO satellites as a prime contractor for a commercial communications constellation and follows a major transformation in its high-volume satellite production process. The remaining nine satellites are in final integration and, once all are operational on orbit, are expected to enable Globalstar to extend the life of its constellation supporting direct-to-device and IoT services.
Globalstar (NASDAQ: GSAT) announced the successful launch and deployment of all 8 HIBLEO-4 replacement satellites aboard a SpaceX Falcon 9 rocket, with each spacecraft reaching its intended low Earth orbit plane.
Globalstar has established communications and command with all satellites, initial health checks show expected performance, and the units are now in early orbit operations ahead of commissioning and integration into the operational constellation.
Globalstar (Nasdaq: GSAT) reported second quarter 2026 revenue of $64.8 million, including $60.0 million of service revenue and $4.8 million of subscriber equipment sales. Service revenue declined 5% year over year, while equipment revenue rose 21%, driven mainly by higher Commercial IoT device sales and initial XCOM RAN systems.
Globalstar posted a $4.8 million operating loss and $26.5 million net loss in Q2 2026, with Adjusted EBITDA of $26.0 million. Year-to-date revenue reached $134.8 million, up from $127.2 million, and income from operations turned positive at $3.4 million. The company ended June 30, 2026 with $409.8 million in cash and $423.7 million of debt, continued record Commercial IoT activations, advanced next-generation satellite and ground network projects, and reported further regulatory progress on its pending merger with Amazon, including expiration of the HSR Act waiting period in July 2026.
Thermo Companies, a diversified investment firm, and Focus Automated Equities (FAE), an AI-driven trading strategy developer, announced a strategic partnership. Thermo will provide high-level strategic and technical advisory services to FAE.
The collaboration targets FAE's growth, market positioning, liquidity planning, strategic partnerships, and machine learning advancements.
Globalstar (NASDAQ: GSAT) announced that the planned May 17, 2026 HIBLEO-4 replenishment satellite launch with SpaceX has been postponed. The delay allows more time for Globalstar teams to prepare the satellites. A new launch date will be announced. The mission aims to replenish the existing low Earth orbit constellation to support network resilience and service reliability.
Globalstar (NASDAQ: GSAT) announced that its HIBLEO-4 replenishment satellites are scheduled to launch on a SpaceX Falcon 9 on Sunday, May 17, from Cape Canaveral Space Force Station, Florida, during a 14-minute window opening at 8:50 a.m. ET.
The satellites will replenish Globalstar’s low Earth orbit constellation, aiming to support network resilience and service reliability across its satellite communications offerings. A live webcast will stream on spacex.com/launches starting about 15 minutes before liftoff.
Globalstar (NASDAQ: GSAT) reported Q1 2026 revenue of $70.1 million (17% YoY), service revenue of $66.7 million, and subscriber equipment sales of $3.4 million. The company entered a definitive merger agreement with Amazon on April 13, 2026, offering shareholders $90 cash or 0.3210 Amazon shares (capped at $90). Globalstar plans two launches in 2026 for its next-generation satellites, is developing a 50+ satellite C-3 constellation, and received FCC Space Bureau confirmation of exclusive MSS Big LEO spectrum rights. Cash was $358.4 million at March 31, 2026; net loss was $17.4 million.
Amazon (NASDAQ:AMZN) will acquire Globalstar to add Direct-to-Device (D2D) services to Amazon Leo, expand mobile satellite coverage, and support Apple iPhone and Apple Watch satellite features. Key deal terms: $90 cash or 0.3210 AMZN shares per Globalstar share (cap $90), 40% cash election cap, up to $110M downward adjustment. Globalstar holders with ~58% combined voting power approved; closing expected in 2027. Amazon plans Leo D2D deployment beginning 2028 to scale voice, text, and data for remote users.
XCOM RAN by Globalstar (NASDAQ:GSAT) launched an end-to-end private 5G solution on April 7, 2026, combining XCOM Radio Series, XCOM Core, XCOM Orchestrator and an XCOM Industrial Router for Industry 4.0. The Supercell O-RAN architecture supports Band n48, n78 and licensed Globalstar Band n53 for private deployments.
The platform is multi-tenant, multi-spectrum and built for rapid integration with partner hardware and industrial AI automation use cases.