L’acquisizione di Globalstar consentirà ad Amazon Leo di aggiungere servizi direct-to-device alla sua rete satellitare in orbita terrestre bassa.
Globalstar’s service revenue reached $66.7 million in the first quarter of 2026.
Globalstar entered into an Agreement and Plan of Merger with Amazon.com, Inc. on April 13, 2026.
The Globalstar-Amazon merger is expected to close in 2027.
Globalstar is using the prepayment funds to finance the construction and launch of replacement and third-generation satellites.
Globalstar is executing a large-scale capital project with MDA Space and SpaceX to modernize its orbital assets.
Globalstar generated $70.1 million in total revenue in the first quarter ended March 31, 2026.
Globalstar’s subscriber equipment sales contributed $3.4 million in the first quarter of 2026.
A downward adjustment of up to $110 million may be applied to the consideration in the Globalstar-Amazon merger if the operational milestones are not met.
The Amazon acquisition is intended to integrate Globalstar’s Mobile Satellite Services spectrum and operational expertise into the Amazon Leo network to enable direct-to-device services for future generations of low Earth orbit satellites.
Globalstar and its primary customer amended their prepayment agreement in April 2026.
The Amazon merger values Globalstar at approximately $11.6 billion.
The FCC Space Bureau reaffirmed Globalstar’s exclusive Mobile Satellite Services operating rights in the Big LEO spectrum band.
Globalstar’s operating profit was $8.2 million in the first quarter of 2026.
Globalstar’s first-quarter 2026 revenue was 17 percent higher than in the first quarter of 2025.
Globalstar recorded a net loss of $17.4 million in the first quarter of 2026.
The Globalstar-Amazon merger is subject to regulatory approvals and the achievement of specific operational milestones.
Under the Amazon merger agreement, Globalstar stockholders may elect to receive either $90.00 in cash per share or 0.3210 shares of Amazon common stock.
Wholesale capacity services accounted for 66 percent of Globalstar’s total revenue in the first quarter of 2026.
Amazon’s acquisition of Globalstar is intended to secure Band n53 spectrum and direct-to-device connectivity infrastructure for a consumer electronics ecosystem with hundreds of millions of users.