Globalstar, Inc. (NASDAQ:GSAT) shares are trading marginally higher on Tuesday as traders reassess Amazon chatter after last week's sharp run-up. The stock is holding up even as the Communication Services sector is slipping and the S&P 500 is trading lower. Here’s what investors need to know.

Takeover Speculation Collides With Valuation Questions

Globalstar's deal-premium debate is still front and center after the stock recently ripped to an 18-year high and traded near the mid-$80s last week, before any confirmed bid.

Globalstar is still trading like a live M&A tape, with the market handicapping whether Amazon could pursue the company after takeover speculation helped drive last week's surge. The same chatter is now running into tougher questions around valuation, strategy, and the real odds of a premium bid.

Globalstar's earlier spike was tied to reports that Amazon is in talks to acquire the satellite communications company, with investors focused on Amazon's plan to deploy roughly 1,600 satellites by mid-2026 and Globalstar's existing SpaceX launch agreements.

Cash Position And Hedge Fund Interest Stay In Focus

Balance-sheet watchers also point to Globalstar's $447.5 million in cash and cash equivalents as of Dec. 31, 2025, up from $391.2 million a year earlier, as a datapoint that can matter in deal math and negotiating leverage around cash and funding needs.

The setup also follows signs that hedge funds were already building positions in fourth-quarter 2025, including Soros Fund Management with an average price near $48 and AQR Capital with an average entry in the mid-$30s. Millennium Management also opened a new position.

Globalstar's Satellite Network Keeps Strategic Optionality In Focus

Globalstar is a telecommunications company focused on mobile satellite services, selling voice and data connectivity to retail, business, and government customers. It also provides wholesale satellite capacity services and offers both two-way communications and one-way data transmission using mobile or fixed devices.

That business model matters right now because the market is trying to connect Globalstar's satellite assets to larger strategic plans in the space and connectivity ecosystem. With most revenue generated in the U.S., any shift in perceived strategic value, like the Amazon speculation, can quickly change how investors think about the company's longer-term optionality.

May Earnings Report Marks The Next Key Catalyst For Globalstar

Looking further out, the next major catalyst for the stock arrives with the May 7 (estimated) earnings report.

  • EPS Estimate: Loss of 1 cent (Up from Loss of 16 cents YoY)
  • Revenue Estimate: $70.59 million (Up from $60.03 million YoY)

GSAT Shares Trade Flat Tuesday

GSAT Stock Price Activity: Globalstar shares were up 1.11% at $73.47 at the time of publication on Tuesday, according to Benzinga Pro data.

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