Globalstar (GSAT) news

ImportantAmazon unit enters acquisition agreement for Globalstar

Globalstar 2Q revenue $64.8M, estimate $72.2M (2 estimate)

Globalstar, Inc. (NYSE American: GSAT) reported second-quarter revenue of $64.8 million, falling short of the consensus estimate of $72.2 million . This represents a decline compared to the same period in previous years and highlights challenges in meeting market expectations. The company has faced…

Amazon Leo will partner with mobile network operators

Amazon Leo, the satellite internet division of Amazon, is expanding its strategic focus by partnering with mobile network operators (MNOs) to enhance global connectivity. This initiative is part of Amazon’s broader vision to deliver reliable, high-speed internet to customers in remote and…

MDA Space to buy Blue Canyon Tech for enterprise value of $620M

MDA Space has announced plans to acquire Blue Canyon Technologies for an enterprise value of $620 million, marking a significant move in the evolving space industry. The acquisition aligns with a broader trend of traditional aerospace firms integrating NewSpace capabilities to remain competitive in…

Apple shares extend advance to session high, up 2.7%

Apple shares extended their advance to a session high, rising 2.7% to $265.82, driven by strategic partnership with Amazon . The collaboration involves Amazon’s acquisition of Globalstar and the use of Amazon’s "Leo" satellite network, which is expected to improve Apple's satellite features . This…