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Globalstar ( (GSAT) ) has shared an announcement.
On April 13 and 14, 2026, Amazon and Globalstar announced a definitive agreement under which Amazon will acquire Globalstar through a two-step merger that will leave the satellite operator as a wholly owned Amazon subsidiary. Globalstar shareholders, already effectively approving the deal via a 58% written consent, can elect $90 in cash per share or Amazon stock subject to a 40% cash cap and potential downward adjustment tied to up to $110 million of operational milestone payments, with closing targeted for 2027 pending regulatory and satellite deployment conditions.
The transaction folds Globalstar’s satellites, MSS spectrum, and operations into Amazon’s Leo constellation to build a large-scale direct-to-device network intended to extend voice, text, and data coverage beyond terrestrial reach. In parallel, Amazon and Apple signed an agreement under which Amazon Leo will power current and future satellite services for supported iPhone and Apple Watch models, cementing Globalstar’s role in Apple’s safety and connectivity features while reshaping competition and investment across the satellite and telecom sectors as Amazon commits multibillion-dollar capital to close coverage gaps globally.
The most recent analyst rating on (GSAT) stock is a Buy with a $71.00 price target. To see the full list of analyst forecasts on Globalstar stock, see the GSAT Stock Forecast page.
Spark’s Take on GSAT Stock
According to Spark, TipRanks’ AI Analyst, GSAT is a Neutral.
The score is driven primarily by mid-range fundamentals (stronger cash generation and improving operations, but ongoing net losses and higher leverage) and strong technical uptrend/momentum. These positives are partially offset by weak earnings-based valuation (negative P/E, no dividend) and execution/capital intensity risks highlighted on the earnings call (high capex and commitments alongside rising operating expenses).
To see Spark’s full report on GSAT stock, click here.
More about Globalstar
Globalstar is a mobile satellite services operator specializing in non-geostationary orbit constellations, direct-to-device technology, and emergency and critical communications. The company provides satellite connectivity and holds globally authorized MSS spectrum licenses, serving consumer, enterprise, and government customers operating beyond the reach of terrestrial cellular networks.
Globalstar’s existing and next-generation low Earth orbit satellites, combined with its spectrum and ground infrastructure, position it as a key enabler of continuous connectivity and safety services. Its long-standing partnership with Apple underpins satellite features such as Emergency SOS, messaging, location sharing, and roadside assistance on supported iPhone and Apple Watch models.
Average Trading Volume: 831,837
Technical Sentiment Signal: Buy
Current Market Cap: $9.41B
Learn more about GSAT stock on TipRanks’ Stock Analysis page.