Overview
- Globalstar shares hovered near $73.50 and were up about 1% according to Benzinga Pro, holding their ground after last week’s sharp move.
- The surge to an 18-year high in the mid-$80s followed unconfirmed reports that Amazon had discussed a takeover, and the stock has since eased from those peaks.
- Globalstar ended 2025 with $447.5 million in cash and cash equivalents, which gives the company more room to fund operations or negotiate from a stronger position.
- Amazon is targeting roughly 1,600 satellites by mid-2026, a plan that could make Globalstar’s operating network and existing SpaceX launch agreements appealing to a potential buyer.
- The next key checkpoint is the estimated May 7 earnings report, with Wall Street expecting a 1 cent per-share loss on about $70.6 million in revenue.