Globalstar (GSAT)
Supplies Apple satellite capacity, remote-device connectivity, and private-wireless systems.
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Provides satellite capacity for Apple device features, IoT asset tracking, SPOT emergency messengers, satellite voice and data, government services, and Band 53/n53 private-wireless systems. Service fees generate most revenue, led by the Apple wholesale agreement, tying the business to licensed spectrum and continued satellite-network renewal.
Runs a low-Earth-orbit satellite and gateway network that supplies wholesale capacity for Apple’s iPhone and Apple Watch satellite features. Commercial IoT modules and subscriptions track remote assets, while SPOT messengers support personal tracking and emergency communications and Duplex plans provide satellite voice and data.
Extends the same communications stack into government engineering services and terrestrial wireless through licensed Band 53/n53 spectrum and XCOM RAN systems. The integrated network, devices, and ground infrastructure serve customers worldwide beyond cellular coverage.
Wholesale capacity for Apple generates most revenue and uses most network capacity. Operations depend on spectrum and satellite licenses, reliable gateways and spacecraft, and execution of the replacement and next-generation constellations. The proposed Amazon acquisition remains subject to regulatory approvals and replacement-satellite milestones.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 18, 2026 | Craig-Hallum | Downgrade | Target: $70 | Target: $90 |
| Mar 2, 2026 | Craig-Hallum | Target | Target: — | Target: $70 |
| Dec 16, 2025 | Deutsche Bank | Target | Target: — | Target: $62 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $409.8M · Total debt $411.8M · Total assets $2.44B · Shareholders' equity $292.6M
- Revenue
- $64.8M
- Operating income
- −$4.8M
- Net income
- −$29.2M
No dividends on record.
| Institutions | ≈ 25.23% | 32.69M shares | |
|---|---|---|---|
| 357 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 58.41% | 75.68M shares | |
| 9 holders · as of Sep 21, 2026 | |||
| Other | ≈ 16.36% | 21.20M shares | |
| remainder | |||
129.56M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
James III Monroe1Insiderdirector, 10 percent owner | 57.44% | 74.06M | filed Sep 21, 2026 |
BlackRock, Inc.Institution | 2.50% | 3.24M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.79% | 2.32M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 1.69% | 2.19M | as of Jun 30, 2026 |
Norges BankInstitution | 1.61% | 2.08M | as of Jun 30, 2026 |
- James III Monroe's transaction reports restate only vehicles that traded; the 2026 ownership statement (74.06M) plus the 361.6K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | James F. Lynch | director | −361,600 | $82.52 |
| Sep 18, 2026 | James III Monroe | director, 10 percent owner: | +361,600 | $82.52 |
| Aug 27, 2026 | Benjamin G. Wolff | director | −19,998 | $81.98 |
| Aug 26, 2026 | James F. Lynch | director | −110,000 | $81.78 |
| Aug 21, 2026 | Benjamin G. Wolff | director | −19,998 | $82.21 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Globalstar | $82.52 | +0.02% | $10.69B | — | — | 38.1 | −3.5% |
| Iridium Communications | $48.51 | −0.31% | $5.11B | 54.8 | 41.2 | 5.8 | +3.8% |
| Viasat | $75.94 | +1.26% | $10.52B | — | — | 2.3 | −1.2% |
| AST SpaceMobile | $63.55 | −0.19% | $25.18B | — | — | 218.4 | +2,626.6% |
| Median | 54.8 | 41.2 | 5.8 | +3.8% |