Globalstar reports $70.9M Q3 revenue, launches new satellites, and advances Amazon merger plans.

Globalstar announced $70.9 million in revenue for Q3 2026, driven by strong Commercial IoT subscriber growth and equipment sales. The company successfully launched its first set of HIBLEO-4 replacement satellites and secured key regulatory approvals for its next-generation C-3 satellite constellation, enhancing its network reliability and capacity. Additionally, the FCC approved Amazon's application to acquire Globalstar's FCC licenses, moving the planned merger closer to completion in 2027. Despite a net loss of $15.7 million due to higher interest expenses and operational costs, Globalstar continues to invest in infrastructure and expand its satellite services.

Globalstar shares are trading slightly lower on Pluang, priced at USD 84.02 with a 0.66% decrease as of Nov 05, 2026 20:14 WIB. The stock remains near its 52-week high of USD 84.58, reflecting steady investor interest despite recent financial challenges.