News Summary:
On July 10, 2026, the International Telecommunications Union’s Radio Communications Board (ITU/RCB) denied Globalstar's request for an extension to its launch obligations, requiring the company to launch its French-licensed HIBLEO-X/HIBLEO-4 fleet for mobile satellite services, with Amazon noted as a major buyer/investor. Previously, on July 8, 2026, the deadline passed for petitions to deny Amazon's pending acquisition of Globalstar. Public Knowledge and the Open Technology Institute at New America supported the transaction, which was announced in April, believing it will drive more competition into the direct-to-device (D2D) sector. Earlier, on July 1, 2026, Globalstar, Amazon, Iridium, and Telesat announced the formation of the SpaceConnect Association, a new trade association representing the non-geostationary (NGSO) satellite economy, which will advocate globally for policies supporting NGSO satellite systems. This activity follows Globalstar Inc.'s reclassification within the Russell index universe on June 27, 2026, when it was removed from the Russell 2000 family of indices and simultaneously added to the Russell 1000, Russell Midcap, and related growth and dynamic benchmarks.
Subscribe for full access to Globalstar's profile
Subscribe for full access to Globalstar's products in full detail 
