Globalstar, Inc. (GSAT)
Rocket Lab launches eight Globalstar satellites
Space company Rocket Lab (Rocket Lab USA Inc (NASDAQ:RKLB) has successfully launched eight satellite platforms built for MDA (TSX:MDA) Space to replenish Globalstar's existing communications constellation. The satellites launched on 15 August from Cape Canaveral Space Force Station at 9.12pm Eastern time, marking the first batch of 17 platforms Rocket Lab is building under a $143 million contract with MDA (TSX:MDA) Space.
Globalstar (GSAT) Reports Q2 Loss, Lags Revenue Estimates
Globalstar (GSAT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.13 per share a year ago.
How Will HIBLEO-4 Strengthen Globalstar's LEO Network?
GSAT is advancing its LEO network with the HIBLEO-4 replenishment mission to bolster satellite resilience and support reliable global connectivity.
You're Going to Regret Not Buying This ETF Before SpaceX's IPO
Prediction market traders on Polymarket now assign a 92% probability that SpaceX completes its IPO by June 30, 2026, with a $1.5 trillion-plus valuation in play.
Globalstar (GSAT) Reports Q1 Loss, Lags Revenue Estimates
Globalstar (GSAT) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.1 per share a year ago.
Massive News: This Satellite Stock Could Be Amazon's Next Big Acquision
Globalstar (GSAT 0.17%) is suddenly at the center of a much bigger fight between Amazon and SpaceX. I break down why this reported deal matters, what makes Globalstar so strategic, and why the upside could be real if the story keeps moving in the right direction.
Globalstar Stock Jumps on Amazon Buyout: What Lies Ahead?
GSAT surges after Amazon acquisition, positioning its spectrum and satellite assets at the core of a global direct-to-device connectivity push.
How the Globalstar purchase could turn Amazon's Leo into a satellite powerhouse
Amazon is raking in cash at the box office after sending Ryan Gosling to space with “Project Hail Mary.” Its latest space play could make a real-world satellite business into a winner, too.
Amazon's $12B Globalstar Acquisition Paid for Itself 10x Over in One Day
Amazon.com (NASDAQ:AMZN | AMZN Price Prediction) announced it is acquiring satellite company Globalstar (NASDAQ:GSAT) for $11.6 billion, and the market delivered an immediate verdict.
Amazon's $12.5B Globalstar deal seen as long-term strategic bet, Jefferies says
Amazon.com Inc (NASDAQ:AMZN)'s agreement to acquire Amazon.com Inc.'s satellite partner Globalstar Inc for about $12.5 billion is a strategically “long-duration” move that strengthens its direct-to-device ambitions while requiring no meaningful near-term cash strain, according to Jefferies analysts. In a note following the announcement, Jefferies said it views the deal positively, arguing it accelerates Amazon's roadmap to launch satellite-to-device services by 2028 and enhances its competitive positioning against SpaceX's Starlink.
Amazon Rises 5%, Globalstar Jumps 10% as $11.57 Billion Acquisition Ignites a Satellite War With SpaceX
Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock is up 5% today, rising from $239.89 to $252, after the company announced a blockbuster $11.57 billion acquisition of Globalstar (NASDAQ:GSAT).
Amazon's $11.6 billion Globalstar deal will not fix rocket launch bottleneck, analysts say
Amazon's $11.6 billion deal to buy Globalstar bolsters its space ambitions with satellites and wireless airwaves, but will not fix the crippling shortage of rocket launches needed to build out a network capable of rivaling SpaceX, analysts said.
