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Globalstar Shares Jump on Rumors of $10 Billion Sale Talks
Globalstar (NYSE: GSAT) surged 8% after reports from The Information indicated that Chairman James Monroe has privately discussed selling the company for over $10 billion, nearly double its current market capitalization of ~$5.3 billion. The rumor...View Commentary -
Iridium Seeks FCC Spectrum Sharing In 1.6 GHz Amid Globalstar Pushback
Iridium asked the FCC to allow sharing of 1610 to 1616 MHz spectrum currently used by Globalstar, and Globalstar opposed the move. The dispute centers on how to allocate scarce L band spectrum as mobile satellite services and direct to device ambi...View Commentary -
Globalstar Details Planned 48 Satellite Constellation Expansion In US Licensing Process
Globalstar outlined a planned 48 satellite constellation as part of a roughly 1 billion dollar investment while pursuing a US authorization process. The reporting describes the plan as tied to regulatory filings and licensing posture, not merely l...View Commentary -
Amazon Agrees To Acquire Globalstar For 11.6 Billion Dollars
Amazon reached a definitive agreement to acquire Globalstar in an approximately $11.6 billion transaction announced on April 14, 2026. The deal integrates Globalstar satellite network assets directly into Amazon Leoto expand direct-to-device broad...View Commentary