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Globalstar
GSATGlobalstar is a leading provider of mobile satellite voice and data services, operating the world's newest and most advanced low-Earth orbit (LEO) satellite constellation for affordable, reliable connectivity beyond terrestrial network coverage.
Covington, United States Est. 1991 Commercial
- Founded
- 1991
- Headquarters
- Covington, United States
- Stage
- Public
- Ownership
- Listed
- Market cap
- $10.7B-0.9% 30d
- Employees
- 477as of 2025
- Last round
- Undisclosed round · $30.0M2012-12
Quick Facts
Country
United States
Founded
1991
Type
commercial
Status
public
About Globalstar
Updated 2026-09-10
Globalstar is a leading provider of mobile satellite voice and data services, operating the world's newest and most advanced low-Earth orbit (LEO) satellite constellation for affordable, reliable connectivity beyond terrestrial network coverage. The company serves commercial and recreational users across land, sea, and air with solutions ranging from satellite phones to IoT asset tracking devices.
The Globalstar constellation consists of second-generation satellites launched between 2010-2013, orbiting approximately 1,414 kilometers above Earth. This LEO architecture enables lower latency and better signal quality than geostationary alternatives while supporting compact, handheld devices. The satellites utilize CDMA technology and operate in S-band and L-band frequencies, delivering voice, duplex data, and one-way data services globally.
Globalstar's SPOT product line revolutionized personal safety with GPS messenger devices enabling location sharing, tracking, and emergency SOS communications in remote areas. The SPOT X and SPOT Gen4 serve hikers, adventurers, fleet managers, and outdoor workers. Globalstar satellite phones provide push-to-talk and voice communications for industries including oil and gas, mining, forestry, emergency response, and government.
The company's Commercial IoT division delivers satellite connectivity for asset tracking, SCADA monitoring, pipeline surveillance, and machine-to-machine applications. Globalstar technology enables connectivity for vessels, vehicles, and equipment operating beyond cellular coverage. Through partnerships with automotive manufacturers, Globalstar provides emergency services and connected car features. On 14 April 2026 Amazon announced a definitive agreement to acquire Globalstar for up to $90 per share (about $11.6 billion) and fold it into Amazon Leo, with closing expected in 2027.
Products and product lines
| Product | Line | Note |
|---|---|---|
| Extended MSS Network / C-3 System | Next-generation satellite constellation | A planned constellation of more than 50 third-generation "C-3 System" satellites for an Extended MSS Network; Globalstar petitioned the FCC for U.S. market access for the system in February 2025. |
| HIBLEO-4 replacement satellites | LEO satellite constellation | 17 new satellites built by MDA Space (expandable to 26 under an FCC authorization granted by August 2024); the first launch of eight replacement satellites was planned for the first half of 2026 and, per Globalstar's Q2 2026 results, rescheduled to later in August 2026, with a second set planned for the second half of 2026. |
| Apple Emergency SOS / iPhone satellite connectivity | Satellite messaging service | Globalstar's network underpins Apple's Emergency SOS and related iPhone satellite features; Apple represented 63% of Globalstar's 2025 revenue, up from 58% in 2024. |
| Commercial IoT | Satellite asset tracking / M2M | Commercial IoT subscribers averaged 580,427 in Q2 2026, up from 534,505 in Q2 2025, with gross activations up more than 20% on a trailing-twelve-month basis. |
| Pending Amazon Leo acquisition | Corporate transaction | Amazon announced a definitive agreement on April 14, 2026, to acquire Globalstar for up to $90 per share in cash or stock (about $11.57 billion) and merge it into the Amazon Leo business unit; the deal is expected to close in 2027. |
Timeline
- 2024 Globalstar and Apple sign Updated Services Agreements: up to $1.1 billion in infrastructure prepayments, a $400 million purchase by Apple of a 20% equity stake (400,000 Class B Units), and $232 million used to retire Globalstar's 2029 Senior Notes. [source]
- 2025 Globalstar completes a 1-for-15 reverse stock split effective February 10 and transfers its listing from NYSE American to Nasdaq under the same ticker, GSAT. [source]
- 2025 Globalstar petitions the FCC for U.S. market access for its planned third-generation C-3 System, part of an Extended MSS Network of more than 50 satellites. [source]
- 2026 Amazon announces a definitive agreement to acquire Globalstar for up to $90 per share (cash or Amazon stock, capped), merging it into the Amazon Leo business; Apple's satellite iPhone features are expected to continue on the combined network. [source]
- 2026 The Hart-Scott-Rodino antitrust waiting period for the Amazon-Globalstar merger expires on July 17; the companies still expect the deal to close in 2027. [source]
- 2026 Globalstar reports Q2 2026 results — $64.8 million revenue and a $26.5 million net loss — and says the first launch of eight MDA-built replacement satellites has been rescheduled to later in August 2026. [source]
Key People
Paul Jacobs (CEO)
Funding history
1 event| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 2012-12-28 | Undisclosed round | $30.0M | —Form D filed 2013-01-11 by Globalstar, Inc.: $30.0M sold of a $30.0M offering (first sale 2012-12-28). | sec.gov |
Team
- Paul JacobsCEO · source
Signals
- Market cap, 90 days
- +1.6%
- Verification
- Verified 2026-09-10
Categories & Capabilities
Industry Categories
Latest from Agency Feeds
1 mentions across NASA, ESA, JAXA, ISRO, JPL & SpaceX
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Stock Performance
GSAT · Daily close data
Funding
Market Cap
$10.7B
Location
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Frequently asked about Globalstar
Quick answers to the questions readers most often search for.
- When was Globalstar founded?
- Globalstar was founded in 1991 in United States.
- Where is Globalstar headquartered?
- Globalstar is headquartered in Covington, United States.
- What does Globalstar do?
- Globalstar is a leading provider of mobile satellite voice and data services, operating the world's newest and most advanced low-Earth orbit (LEO) satellite constellation for affordable, reliable connectivity beyond terrestrial network coverage. The company serves commercial and recreational users across land, sea, and…
- Is Globalstar publicly traded?
- Yes. Globalstar trades under the ticker GSAT on NasdaqGS.
- What sector does Globalstar operate in?
- Globalstar works in satellite communications, Satellite operators and Iot.
Sources
The structured fields on this page (founding year, location, sector, status, listing) and the profile text are drawn from the sources below. How profiles are drafted and checked is described in our methodology.
- Official website (globalstar.com)
- Market data via Yahoo Finance (GSAT) · retrieved 2026-09-14
- Company LinkedIn page
- SEC Form D · retrieved 2026-09-04
- SEC 10-K · retrieved 2026-09-04
- Wikidata / Wikipedia · retrieved 2026-09-04
- GLEIF LEI record · retrieved 2026-09-05
- SEC 8-K: Globalstar/Apple Updated Services Agreements (Nov 1, 2024) · retrieved 2026-09-10
- SEC 8-K: Globalstar reverse stock split and Nasdaq transfer (Feb 7, 2025) · retrieved 2026-09-10
- SEC 8-K exhibit: Amazon-Globalstar merger agreement press release (Apr 14, 2026) · retrieved 2026-09-10
- SEC 8-K exhibit: Globalstar Q2 2026 results press release (Aug 6, 2026) · retrieved 2026-09-10
- SEC 8-K exhibit: Paul Jacobs CEO employment agreement (Aug 31, 2023) · retrieved 2026-09-10
Data Accuracy Notice: Information about Globalstar is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.
Matched to SEC EDGAR, LEI register, Wikidata · data pass September 10, 2026
Editorial owner: Dr. Donovan, Editor-in-Chief Company representatives may submit corrections • This page does not constitute an endorsement or affiliation • Learn about our data methodology