Globalstar reported third-quarter 2026 revenue of $70.9 million and highlighted progress on its satellite network, including the launch of the first HIBLEO-4 replacement satellites and regulatory and infrastructure milestones for its planned next-generation system.
The company also said an FCC approval for Amazon to acquire Globalstar’s spectrum licenses has advanced their previously announced transaction. The deal has not closed and is expected to close in 2027, subject to remaining conditions.
Key details
- Revenue: Third-quarter revenue was $70.9 million: $65.4 million from services and $5.5 million from subscriber equipment sales. The results announcement also covers the first nine months of 2026, but the information provided here does not include those figures.
- Satellite replacement: Globalstar launched the first set of HIBLEO-4 replacement satellites. The company said the launch supports the reliability and continuity of its existing mobile satellite services network.
- Next-generation network: Globalstar reported regulatory authorizations in the U.S. and Germany for its C-3 constellation plans. It says the system is designed to add capacity, improve performance and expand direct-to-device connectivity.
- Ground infrastructure: The company said construction work was completed at ground stations in the U.S., Canada and Greece. The broader modernization effort, which began in late 2025, covers about 35 ground stations across 25 countries and territories.
- Amazon transaction: In October, the FCC Space Bureau approved Amazon’s application to acquire Globalstar’s FCC licenses. Globalstar said the transaction is expected to close in 2027, subject to outstanding regulatory approvals and certain HIBLEO-4 satellite milestones, among other conditions.
What changes
The satellite launch and ground-station work are steps toward maintaining Globalstar’s current service while building out its planned C-3 network. The FCC approval advances the Amazon transaction, but it is not a completed acquisition: Globalstar says further conditions must be met before closing.