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GSAT US​
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GSAT US​
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Globalstar, Inc.(GSAT US)

$86.24+0.200.23%(Market Open · 21:00:01 UTC)
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Globalstar, Inc.(GSAT US)

$86.24+0.200.23%(Market Open · 21:00:01 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Globalstar, Inc. — Company Profile

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.

Sector
Communication Services
Industry
Diversified Telecommunication Services
Exchange
UQ
CEO
Paul E. Jacobs
Headquarters
Covington, LA, US
IPO Date
Nov 2, 2006
Employees
477
Website

Globalstar, Inc. — Company Profile

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.

Sector
Communication Services
Industry
Diversified Telecommunication Services
Exchange
UQ
CEO
Paul E. Jacobs
Headquarters
Covington, LA, US
IPO Date
Nov 2, 2006
Employees
477
Website
www.globalstar.com

Key Metrics

Price
$83.39
Market Cap
$10.74B
Revenue (TTM)
$70.06M
Net Income (TTM)
$-17420000.00
EPS (TTM)
-0.16
P/E (TTM)
-940.95
P/B (TTM)
31.33
Dividend Yield
0.00%
ROE (TTM)
-5.08%
ROA (TTM)
-0.73%
Operating Margin
11.75%
Beta
1.69

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.

Website
www.globalstar.com
Location
Covington, LA, US
Phone985 335 1500
Employees477
CEOPaul E. Jacobs
Sector
Communication Services
Industry
Diversified Telecommunication Services
IPO DateNov 2, 2006

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.3K)

Expand
  • Form 4Ponder L Barbee IV12 Nov
  • Form 4Clary Rebecca12 Nov
  • Form 144Taylor Timothy Evan12 Nov
  • Form 144Taylor Timothy Evan12 Nov
  • Form 144Ponder L Barbee IV10 Nov
  • Form 144Clary Rebecca10 Nov
  • 10-QQ3ended 30 Sept 20265 Nov
  • 8-KResults of Operations and Financial Condition5 Nov
  • Form 4Ponder L Barbee IV22 Sep
  • Form 144Ponder L Barbee IV21 Sep
  • Form 4Lynch James F21 Sep
  • Form 4Monroe James III21 Sep
  • Form 4Wolff Benjamin G28 Aug
  • Form 144Wolff Benjamin G27 Aug
  • Form 4Lynch James F26 Aug
  • Form 144Lynch James F26 Aug
  • Form 4Wolff Benjamin G24 Aug
  • Form 144Wolff Benjamin G21 Aug
  • DEFM14CDefinitive information statement (merger)18 Aug
  • Form 4Clary Rebecca17 Aug

News

  • MDA SPACE AND GLOBALSTAR COMPLETE INITIAL ON-ORBIT FUNCTIONAL TESTS FOR GLOBALSTAR 2-R MISSION10 Nov
  • France Authorizes Globalstar's Third Generation C-3 System for International Operations9 Nov
  • Globalstar (GSAT) Reports Q3 Loss, Lags Revenue Estimates5 Nov
  • Globalstar Announces Third Quarter 2026 Financial Results5 Nov
  • XCOM RAN Wins the Gold Stevie® 2026 Award for Technology Excellence28 Oct
  • US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar27 Oct
  • Globalstar, Inc. $GSAT Stake Increased by Nisa Investment Advisors LLC26 Oct
  • FCC Authorizes Globalstar's Third-Generation C-3 System for Operations in the United States19 Oct
  • Globalstar (NASDAQ:GSAT) & IDT (NYSE:IDT) Financial Review4 Oct
  • XCOM RAN Named “Warehouse Technology Innovation of the Year” in SupplyTech Breakthrough Awards29 Sep
  • Globalstar (NASDAQ:GSAT) General Counsel L Barbee Iv Ponder Sells 1,692 Shares23 Sep
  • Globalstar Completes Expansion of Greece Ground Station, Marking Key Milestone in Global Infrastructure Buildout21 Sep
  • Bank of America Corp DE Decreases Holdings in Globalstar, Inc. $GSAT20 Aug
  • Rocket Lab launches eight Globalstar satellites17 Aug
  • MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED16 Aug
  • MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED16 Aug
  • Globalstar Confirms Successful Launch of All 8 HIBLEO-4 Replacement Satellites16 Aug
  • Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company. That Would Be a Nightmare.13 Aug

Mentions in Filings

  • … le – Ligado ~$550M 45 MHz U.S. & Canada L-band MSS Sep 2025 / Nov 2025 SpaceX - EchoStar ~$19.6B AWS-4, H-block, & S-band / MSS spectrum licenses ($8.5B cash, $8.5B stock) and AWS-3 Ann. Apr 2026 MULTIPLE BANDS Amazon – <strong>Globalstar</strong> $11.6B TEV ~9.0MHz of L-Band, 16.5MHz of S- Band including 11.5MHz of terrestrial S-Band Not a standalone spectrum deal Ann. Jun 2026 L-BAND Rocket Lab – Iridium ~$8.0B TEV ~8.7Mhz of L-Band MSS Not a standalone spectru …
    Astrum Space IncGlobalstar, Inc.·425 - Form 425 - Business combination communication·Q4 26·12 Nov
  • Cohen also assisted the Black Spade III Board in assessing public market transactions in the D2D market as additional information. In April 2026, Amazon.com, Inc. agreed to acquire <strong>Globalstar, Inc.</strong> for approximately $11.6 billion. In June 2026, Rocket Lab Corporation announced its planned acquisition of Iridium Communications Inc. for approximately $8.0 billion. SpaceX entered into a subsequent agreement to acquire EchoStar’s remaining AWS-4 and …
    Astrum Space IncGlobalstar, Inc.·F-4/A - REGISTRATION STATEMENT·Q4 26·5 Nov
  • … illion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any. On April 13, 2026, Amazon entered into a definitive merger agreement to acquire <strong>Globalstar, Inc.</strong> (“Globalstar”), a Delaware corporation, for a mix of cash and stock consideration. Under the terms of the merger agreement, prior to closing, Globalstar stockholders will elect to receive, for each share of Globalsta …
    AMAZON COM INCGlobalstar, Inc.·10-Q - Quarterly report Q3·Q3 26·29 Oct
  • Cohen also assisted the Black Spade III Board in assessing public market transactions in the D2D market as additional information. In April 2026, Amazon.com, Inc. agreed to acquire <strong>Globalstar, Inc.</strong> for approximately $11.6 billion. In June 2026, Rocket Lab Corporation announced its planned acquisition of Iridium Communications Inc. for approximately $8.0 billion. SpaceX entered into a subsequent agreement to acquire EchoStar’s remaining AWS-4 and …
    Astrum Space IncGlobalstar, Inc.·F-4 - REGISTRATION STATEMENT·Q4 26·15 Oct
  • … lied equity values per share of Iridium Common Stock of $28.69 to $47.77, compared to the closing price of Iridium Common Stock of $28.52 per share on April 1, 2026 (the last trading day prior to a report by Financial Times regarding the acquisition of <strong>Globalstar</strong> by Amazon), the closing price per share of Iridium Common Stock of $43.52 on June 26, 2026, and the implied value of the Merger Consideration of $54.00 per share of Iridium Common Stock.
    Iridium Communications Inc.Globalstar, Inc.·425 - Form 425 - Business combination communication·Q3 26·18 Sep
  • … d a range of implied equity values per Iridium Common Stock of $29.97 to $45.54 compared to the closing price of Iridium Common Stock of $28.52 per share on April 1, 2026 (the last trading day prior to a report by Financial Times regarding the Amazon-<strong>Globalstar</strong> Transaction), the closing price per share of Iridium Common Stock of $43.52 on June 26, 2026, and the implied value of the Merger Consideration of $54.00 per share of Iridium Common Stock.
    Iridium Communications Inc.Globalstar, Inc.·8-K - Other Events·Q3 26·18 Sep

Key Stats

Trading

Px/Chg 1D$83.39 / +0.20%
Avg Volume1.42M
Beta1.69
Mkt Cap10.74B
FD Mkt Cap10.53B

Float

Shrs Out/Float128.79M / 51.65M
Short Float0.06%
Days to Cover1.49
Stock Repurchased$0.00

Current Valuation

EV10.91B
EV/EBITDA112.14
EV/Sales38.55
P/B31.33
P/S37.94
FCF Yield-0.76%
ROE-5.08%
ROA-0.73%
Current Ratio1.60

Estimates

P/E-940.95
Est P/E0.00
Est EPS-0.05
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-341.56-9.86-143.65-40.08-897.75-616.48
Price / Sales68.2517.0515.8710.11144.94153.28
Price / Book Value17.028.049.377.0529.3231.33
Price / Free Cash Flow-33.88106.17-38.407.90-112.82-132.26
ENTERPRISE VALUE METRICS
Enterprise Value6,145.82,721.93,886.52,682.210,529.010,909.5
Enterprise Value / Sales69.6918.3317.3710.71146.31155.71
Enterprise Value / EBITDA321.2372.4343.9730.27972.20487.29
Enterprise Value / EBIT2,878.31-48.3419,628.98-6,824.81-1,097.802,733.52

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue21.7%124.3148.5223.8250.3273.0
Gross Income25.1%72.383.5154.3167.6176.9
EBITDA28.6%31.037.688.488.684.6
EBIT-54.6%-65.3-56.30.2-0.4-2.8
Net Income-47.4%-112.6-256.9-24.7-63.2-8.7
EPS (Diluted)-36.1%-0.90-2.10-0.20-0.59-0.15
BALANCE SHEET
Cash & ST Inv136.5%14.332.156.7391.2447.5
Total Assets30%814.1833.4924.31,710.22,326.3
Total Liabilities44.8%448.7518.6545.31,351.41,970.5
Total Shareholder Equity-67%365.4314.8379.0358.9355.7
CASH FLOW
Net Operating Cash Flow47.3%131.963.874.3439.2621.7
Cap Ex86%-45.5-40.0-166.8-118.9-544.9
Free Cash Flow-2.9%86.323.8-92.5320.376.8

Enterprise Value Bridge

Millions USD12 Nov '26
Price (As of 12 Nov '26)86.22
Basic Shares128.79
Market Cap11,103.5
Diluted Shares129.58
Fully Diluted Shares Outstanding129.58
Fully Diluted Market Cap11,171.8
+Consolidated Debt409.4
−In-the-Money Convertible Debt—
+Capital Leases56.5
+Operating Leases—
−Cash & Equivalents-329.9
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value11,183.0

Segment data

Revenue

by Products and services

  • Service72%
  • Services, Spot10%
  • Commercial Lot8%
  • Product4%
  • Services, Duplex4%

Revenue

by Geography

  • United States89%
  • Latin America4%
  • Canada4%
  • Europe3%
  • Other Countries0%

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www.globalstar.com

Key Metrics

Price
$83.39
Market Cap
$10.74B
Revenue (TTM)
$70.06M
Net Income (TTM)
$-17420000.00
EPS (TTM)
-0.16
P/E (TTM)
-940.95
P/B (TTM)
31.33
Dividend Yield
0.00%
ROE (TTM)
-5.08%
ROA (TTM)
-0.73%
Operating Margin
11.75%
Beta
1.69

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.

Website
www.globalstar.com
Location
Covington, LA, US
Phone985 335 1500
Employees477
CEOPaul E. Jacobs
Sector
Communication Services
Industry
Diversified Telecommunication Services
IPO DateNov 2, 2006

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.3K)

Expand
  • Form 4Ponder L Barbee IV12 Nov
  • Form 4Clary Rebecca12 Nov
  • Form 144Taylor Timothy Evan12 Nov
  • Form 144Taylor Timothy Evan12 Nov
  • Form 144Ponder L Barbee IV10 Nov
  • Form 144Clary Rebecca10 Nov
  • 10-QQ3ended 30 Sept 20265 Nov
  • 8-KResults of Operations and Financial Condition5 Nov
  • Form 4Ponder L Barbee IV22 Sep
  • Form 144Ponder L Barbee IV21 Sep
  • Form 4Lynch James F21 Sep
  • Form 4Monroe James III21 Sep
  • Form 4Wolff Benjamin G28 Aug
  • Form 144Wolff Benjamin G27 Aug
  • Form 4Lynch James F26 Aug
  • Form 144Lynch James F26 Aug
  • Form 4Wolff Benjamin G24 Aug
  • Form 144Wolff Benjamin G21 Aug
  • DEFM14CDefinitive information statement (merger)18 Aug
  • Form 4Clary Rebecca17 Aug

News

  • MDA SPACE AND GLOBALSTAR COMPLETE INITIAL ON-ORBIT FUNCTIONAL TESTS FOR GLOBALSTAR 2-R MISSION10 Nov
  • France Authorizes Globalstar's Third Generation C-3 System for International Operations9 Nov
  • Globalstar (GSAT) Reports Q3 Loss, Lags Revenue Estimates5 Nov
  • Globalstar Announces Third Quarter 2026 Financial Results5 Nov
  • XCOM RAN Wins the Gold Stevie® 2026 Award for Technology Excellence28 Oct
  • US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar27 Oct
  • Globalstar, Inc. $GSAT Stake Increased by Nisa Investment Advisors LLC26 Oct
  • FCC Authorizes Globalstar's Third-Generation C-3 System for Operations in the United States19 Oct
  • Globalstar (NASDAQ:GSAT) & IDT (NYSE:IDT) Financial Review4 Oct
  • XCOM RAN Named “Warehouse Technology Innovation of the Year” in SupplyTech Breakthrough Awards29 Sep
  • Globalstar (NASDAQ:GSAT) General Counsel L Barbee Iv Ponder Sells 1,692 Shares23 Sep
  • Globalstar Completes Expansion of Greece Ground Station, Marking Key Milestone in Global Infrastructure Buildout21 Sep
  • Bank of America Corp DE Decreases Holdings in Globalstar, Inc. $GSAT20 Aug
  • Rocket Lab launches eight Globalstar satellites17 Aug
  • MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED16 Aug
  • MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED16 Aug
  • Globalstar Confirms Successful Launch of All 8 HIBLEO-4 Replacement Satellites16 Aug
  • Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company. That Would Be a Nightmare.13 Aug

Mentions in Filings

  • … le – Ligado ~$550M 45 MHz U.S. & Canada L-band MSS Sep 2025 / Nov 2025 SpaceX - EchoStar ~$19.6B AWS-4, H-block, & S-band / MSS spectrum licenses ($8.5B cash, $8.5B stock) and AWS-3 Ann. Apr 2026 MULTIPLE BANDS Amazon – <strong>Globalstar</strong> $11.6B TEV ~9.0MHz of L-Band, 16.5MHz of S- Band including 11.5MHz of terrestrial S-Band Not a standalone spectrum deal Ann. Jun 2026 L-BAND Rocket Lab – Iridium ~$8.0B TEV ~8.7Mhz of L-Band MSS Not a standalone spectru …
    Astrum Space IncGlobalstar, Inc.·425 - Form 425 - Business combination communication·Q4 26·12 Nov
  • Cohen also assisted the Black Spade III Board in assessing public market transactions in the D2D market as additional information. In April 2026, Amazon.com, Inc. agreed to acquire <strong>Globalstar, Inc.</strong> for approximately $11.6 billion. In June 2026, Rocket Lab Corporation announced its planned acquisition of Iridium Communications Inc. for approximately $8.0 billion. SpaceX entered into a subsequent agreement to acquire EchoStar’s remaining AWS-4 and …
    Astrum Space IncGlobalstar, Inc.·F-4/A - REGISTRATION STATEMENT·Q4 26·5 Nov
  • … illion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any. On April 13, 2026, Amazon entered into a definitive merger agreement to acquire <strong>Globalstar, Inc.</strong> (“Globalstar”), a Delaware corporation, for a mix of cash and stock consideration. Under the terms of the merger agreement, prior to closing, Globalstar stockholders will elect to receive, for each share of Globalsta …
    AMAZON COM INCGlobalstar, Inc.·10-Q - Quarterly report Q3·Q3 26·29 Oct
  • Cohen also assisted the Black Spade III Board in assessing public market transactions in the D2D market as additional information. In April 2026, Amazon.com, Inc. agreed to acquire <strong>Globalstar, Inc.</strong> for approximately $11.6 billion. In June 2026, Rocket Lab Corporation announced its planned acquisition of Iridium Communications Inc. for approximately $8.0 billion. SpaceX entered into a subsequent agreement to acquire EchoStar’s remaining AWS-4 and …
    Astrum Space IncGlobalstar, Inc.·F-4 - REGISTRATION STATEMENT·Q4 26·15 Oct
  • … lied equity values per share of Iridium Common Stock of $28.69 to $47.77, compared to the closing price of Iridium Common Stock of $28.52 per share on April 1, 2026 (the last trading day prior to a report by Financial Times regarding the acquisition of <strong>Globalstar</strong> by Amazon), the closing price per share of Iridium Common Stock of $43.52 on June 26, 2026, and the implied value of the Merger Consideration of $54.00 per share of Iridium Common Stock.
    Iridium Communications Inc.Globalstar, Inc.·425 - Form 425 - Business combination communication·Q3 26·18 Sep
  • … d a range of implied equity values per Iridium Common Stock of $29.97 to $45.54 compared to the closing price of Iridium Common Stock of $28.52 per share on April 1, 2026 (the last trading day prior to a report by Financial Times regarding the Amazon-<strong>Globalstar</strong> Transaction), the closing price per share of Iridium Common Stock of $43.52 on June 26, 2026, and the implied value of the Merger Consideration of $54.00 per share of Iridium Common Stock.
    Iridium Communications Inc.Globalstar, Inc.·8-K - Other Events·Q3 26·18 Sep

Key Stats

Trading

Px/Chg 1D$83.39 / +0.20%
Avg Volume1.42M
Beta1.69
Mkt Cap10.74B
FD Mkt Cap10.53B

Float

Shrs Out/Float128.79M / 51.65M
Short Float0.06%
Days to Cover1.49
Stock Repurchased$0.00

Current Valuation

EV10.91B
EV/EBITDA112.14
EV/Sales38.55
P/B31.33
P/S37.94
FCF Yield-0.76%
ROE-5.08%
ROA-0.73%
Current Ratio1.60

Estimates

P/E-940.95
Est P/E0.00
Est EPS-0.05
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-341.56-9.86-143.65-40.08-897.75-616.48
Price / Sales68.2517.0515.8710.11144.94153.28
Price / Book Value17.028.049.377.0529.3231.33
Price / Free Cash Flow-33.88106.17-38.407.90-112.82-132.26
ENTERPRISE VALUE METRICS
Enterprise Value6,145.82,721.93,886.52,682.210,529.010,909.5
Enterprise Value / Sales69.6918.3317.3710.71146.31155.71
Enterprise Value / EBITDA321.2372.4343.9730.27972.20487.29
Enterprise Value / EBIT2,878.31-48.3419,628.98-6,824.81-1,097.802,733.52

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue21.7%124.3148.5223.8250.3273.0
Gross Income25.1%72.383.5154.3167.6176.9
EBITDA28.6%31.037.688.488.684.6
EBIT-54.6%-65.3-56.30.2-0.4-2.8
Net Income-47.4%-112.6-256.9-24.7-63.2-8.7
EPS (Diluted)-36.1%-0.90-2.10-0.20-0.59-0.15
BALANCE SHEET
Cash & ST Inv136.5%14.332.156.7391.2447.5
Total Assets30%814.1833.4924.31,710.22,326.3
Total Liabilities44.8%448.7518.6545.31,351.41,970.5
Total Shareholder Equity-67%365.4314.8379.0358.9355.7
CASH FLOW
Net Operating Cash Flow47.3%131.963.874.3439.2621.7
Cap Ex86%-45.5-40.0-166.8-118.9-544.9
Free Cash Flow-2.9%86.323.8-92.5320.376.8

Enterprise Value Bridge

Millions USD12 Nov '26
Price (As of 12 Nov '26)86.22
Basic Shares128.79
Market Cap11,103.5
Diluted Shares129.58
Fully Diluted Shares Outstanding129.58
Fully Diluted Market Cap11,171.8
+Consolidated Debt409.4
−In-the-Money Convertible Debt—
+Capital Leases56.5
+Operating Leases—
−Cash & Equivalents-329.9
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value11,183.0

Segment data

Revenue

by Products and services

  • Service72%
  • Services, Spot10%
  • Commercial Lot8%
  • Product4%
  • Services, Duplex4%

Revenue

by Geography

  • United States89%
  • Latin America4%
  • Canada4%
  • Europe3%
  • Other Countries0%

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