MergerAug 6, 2026, 08:14 AM

Globalstar to be Acquired by Amazon for $90/Share; Q2 Net Loss $(26.5)M

AI Summary

Globalstar, Inc. reported a net loss of $(26.5) million for Q2 2026, or $(0.23) per share, compared to a net income of $19.2 million in Q2 2025. Total revenue for the quarter was $64.8 million. The company also provided updates on its pending merger with Amazon, where it will be acquired for $90 per share in cash or Amazon stock, subject to certain conditions and potential adjustments.

Key Highlights

Amazon to acquire Globalstar for $90/share cash or stock.
Q2 2026 net loss $(26.5)M vs. $19.2M net income in Q2 2025.
Q2 2026 total revenue $64.8M, down from $67.1M YoY.
Six-month 2026 total revenue $134.8M, up from $127.2M YoY.
Six-month 2026 net loss $(41.4)M vs. $1.9M net income in 2025.
Customer (Apple) Infrastructure Prepayment increased by $468M to $1.58B.
Merger subject to regulatory approvals and C-3 System authorizations.
Termination fees: Globalstar pays $419.8M, Amazon pays $592.1M.

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GSAT

Telecommunications Equipment

Globalstar, Inc.

Price Impact