Globalstar, Inc.

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.

Globalstar announced its second quarter and year-to-date 2026 financial results, alongside an update on its proposed merger with Amazon. The HSR waiting period for the Amazon transaction expired in July 2026, with the merger now expected to close in 2027. For Q2 2026, the company reported $64.8 million in revenue and a net loss of $26.5 million, with Adjusted EBITDA at $26.0 million. Operational highlights included record high Commercial IoT subscriber activations and continued progress on next-generation satellite constellation initiatives.

Globalstar, Inc. announced it entered into a definitive Merger Agreement on April 13, 2026, to be acquired by Amazon.com, Inc. This strategic move overshadows the company's first-quarter financial results, which showed a 16.7% increase in total revenue to $70.1 million and a significant turnaround in operating income to $8.2 million from a loss in the prior year. Despite the operational improvement, the net loss slightly widened to $(17.4) million. The company continues to advance its Extended MSS Network, having received $708.6 million in infrastructure prepayments from Apple Inc., its key customer.

Globalstar announced a definitive merger agreement with Amazon.com, Inc., where Amazon will acquire Globalstar, with the transaction expected to close in 2027. Stockholders can elect to receive $90.00 in cash or 0.3210 shares of Amazon common stock. Concurrently, Globalstar reported strong Q1 2026 financial results, with total revenue increasing 17% to $70.1 million, driven by higher wholesale capacity services. The company also received regulatory clarity from the FCC and advanced its satellite constellation roadmap.

Globalstar, Inc. announced it has entered into a definitive Merger Agreement with Amazon.com, Inc. on April 13, 2026. The transaction involves a two-step merger process, ultimately resulting in Globalstar becoming a direct wholly-owned subsidiary of Amazon. The companies intend for the merger to qualify as a tax-free reorganization under Section 368(a) of the Code, and Globalstar's independent committees unanimously approved the deal.

Globalstar, Inc. announced it has entered into a definitive Agreement and Plan of Merger with Amazon.com, Inc. on April 13, 2026. The transaction will involve a two-step merger process, ultimately resulting in Globalstar becoming a direct wholly-owned subsidiary of Amazon. Globalstar's Strategic Review Committee and a special subcommittee of independent directors unanimously approved the merger, determining it to be fair and in the best interests of the company and its stockholders.