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The U.S. Federal Communications Commission (FCC) has approved the transfer of Globalstar's licenses to Amazon as part of its acquisition of the satellite telecommunications company.
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AST SpaceMobile has taken a significant step toward commercial service in Brazil, potentially creating a blueprint for growth across other markets. However, Amazon's acquisition of Globalstar brings fresh competition as ASTS stock struggles to recover from a steep sell-off. The company's next major catalyst may depend on delivering operational gateways, reliable coverage, and paying customers.
Globalstar, Inc. reported its financial results for the third quarter ended September 30, 2026, highlighting continued investment in its satellite network and progress toward its pending merger with Amazon.
Filed: 2026-11-05 AccNo: 0001366868-26-000045 Size: 414 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Globalstar has requested that the Federal Communications Commission (FCC) examine the potential impact of Rocket Lab's pending acquisition of Iridium on Rocket Lab's role as a supplier to Globalstar.
Globalstar's XCOM RAN division has been awarded the Gold Stevie® Award for Technology Innovation of the Year in the third annual Stevie Awards for Technology Excellence.