Globalstar, Inc. (GSAT)

Over the past six months, Globalstar's stock has experienced significant events and price movements. As of May 5, 2026, the share price was $81.87, representing a substantial increase of 312.44% from May 6, 2025. Key events impacting the stock include Amazon's acquisition agreement, Q4 CY2025 earnings report, Q1 2026 financial results, insider selling, and FCC confirmation of spectrum rights. Amazon announced an agreement to acquire Globalstar for approximately $10.9 billion, or $90 per share, with the deal expected to close in 2027. Globalstar reported Q4 CY2025 revenue of $71.96 million, exceeding analyst estimates by 1.9%, and Q1 2026 revenue of $70.1 million, a 17% increase from the prior year. Several insiders, including the CEO, CFO, and General Counsel, sold shares of the company's stock. The FCC reaffirmed Globalstar's exclusive Mobile Satellite Services operating rights in the Big LEO spectrum band.

The provided search results do not contain explicit information about the demand seasonality for Globalstar, Inc.'s products and services. Demand for services related to outdoor recreation and emergency communication might see some seasonality, potentially increasing during warmer months or peak outdoor activity seasons. Certain industrial activities in remote areas could have seasonal variations that might influence the demand for satellite voice, data, and IoT solutions. The critical nature of many of these applications suggests a relatively consistent demand throughout the year.

Globalstar, Inc. is an American telecommunications company that provides satellite communication services and products, focusing on satellite and terrestrial connectivity. Founded in 1991 and headquartered in Covington, Louisiana, the company operates in the mobile satellite services and telecom technology and enablement sub-industry. Globalstar generates revenue through hardware sales, subscription-based service plans, and licensing its spectrum assets, offering satellite voice and data services, IoT solutions, SPOT devices, commercial satellite services, and licensed spectrum and terrestrial networks.

Globalstar operates globally, providing services in over 120 countries, with a strong regional presence in North America, Central and South America, Europe, Australia, New Zealand, Japan, Korea, and South Africa. The majority of its revenue is generated in the United States, with a smaller footprint in Canada, Europe, and Latin America. Globalstar operates 28 ground stations across 18 countries, which are crucial for routing satellite signals through its terrestrial network.

Globalstar's brand reputation has been significantly bolstered by its strategic partnerships and technological advancements. The collaboration with Apple Inc. to power Emergency SOS via Satellite on iPhone devices has enhanced Globalstar's profile. The recent agreement for Amazon to acquire Globalstar further solidifies the company's standing in the satellite communications industry. Globalstar's focus on expanding its 5G and IoT capabilities contributes positively to its reputation. The company has demonstrated strong revenue growth, suggesting healthy demand and a positive market perception.

Globalstar's ownership structure includes institutional, retail, and individual investors, with a significant portion held by insiders. Insiders hold a substantial majority, approximately 59.99% to 61% of the company's shares, with James Monroe III being the largest individual shareholder. Institutional investors collectively held approximately 20.97% of the company's stock by March 31, 2025. Apple Inc. agreed to acquire a 20% stake in a Globalstar special-purpose entity for $400 million in October 2024, and Amazon.com, Inc. is in the process of acquiring Globalstar.