Archived explainer. For the current picture see today's GSAT page.
GLOBALSTAR INC (GSAT) is drawing unusual attention today. Our newswire has captured 2 stories on GSAT across 2 sources in the last 36 hours, with AI sentiment reading bullish (avg 63/100).
GSAT stock is moving modestly higher in early trading, opening with a 0.8% gap up from the previous close. The primary driver of the movement is the renewed focus on Amazon’s satellite expansion plans, which include Globalstar as a key partner. Recent reports highlight Amazon’s proposed direct-to-device network and its plans to deploy thousands of satellites, reinforcing the strategic value of Globalstar’s spectrum and infrastructure.
Amazon has announced its intention to deploy a network of 5,000+ satellites by 2028, with Globalstar playing a central role in the initiative. The company plans to use Globalstar’s spectrum and assets to expand mobile connectivity and direct-to-device capabilities. This development follows Amazon’s previously disclosed $11.6 billion acquisition of Globalstar in April. The renewed attention on the partnership has brought Globalstar into the spotlight, contributing to the early morning price movement.
Separately, Globalstar has experienced operational delays, including the postponement of its HIBLEO-4 satellite launch to allow for additional preparation. The company also recently reported Q1 earnings that missed estimates, with a loss of $0.16 per share and revenue of $70.064 million.
GSAT opened at $79.60, a modest increase from the prior close of $78.93. The session has seen limited movement, with the stock trading between $78.80 and $79.60. Volume so far is 0.3 million shares, which is 0.2 times the 3-month daily average. The stock remains within its 52-week range of $22.35 to $84.69, though it continues to trade with a market cap of $10.2 billion despite being unprofitable, with a trailing twelve-month EPS of -0.15 and a net margin of -3.1%.
Investors should continue to monitor Amazon’s progress in its satellite deployment and regulatory approvals. Additionally, the rescheduled HIBLEO-4 launch on May 17 may provide further insight into Globalstar’s operational readiness and future performance.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Not financial advice.
The proposed network will partly rely on assets from Globalstar, which Amazon announced plans to acquire in April for roughly $11.6 billion.
Amazon’s Leo D2D satellite plan aims to deploy 5,000+ satellites by 2028 using Globalstar spectrum, expanding phone/internet coverage.
More on GSAT: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier GSAT move explainers: 2026-07-27