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COVINGTON, La.--(BUSINESS WIRE)--Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Globalstar's HIBLEO-4 replenishment satellites will launch on a SpaceX Falcon 9 rocket on Sunday, May 17 during a 14-minute window that opens at 8:50 a.m. ET, from Cape Canaveral Space Force Station in Florida. The satellites are designed to help replenish Globalstar's existing low Earth orbit constellation, supporting continued network re.

Globalstar (GSAT) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.1 per share a year ago.

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS.

Globalstar (GSAT 0.17%) is suddenly at the center of a much bigger fight between Amazon and SpaceX. I break down why this reported deal matters, what makes Globalstar so strategic, and why the upside could be real if the story keeps moving in the right direction.

• Amazon.com shares are trending higher. What's pushing AMZN stock higher?

In a rather surprising move, Amazon (NASDAQ:AMZN | AMZN Price Prediction) acquired satellite connectivity play Globalstar (NASDAQ:GSAT), which investors might know best for its dealings with Apple (NASDAQ:AAPL) and the SOS feature on the iPhone.

Analysts say the deal is a boon for Amazon.