Globalstar
LEO operator. Major Apple partnership for iPhone emergency SOS (since 2022). 510K+ IoT subscribers.
FINANCIAL HEALTH
CAPITAL & CREDIT PROFILE
Reported fundamentals from SEC XBRL companyfacts. Derived figures carry their formula in the caption.
Latest quarter (Q1 ended 2026-03-31, filed 2026-05-07): revenue $70.1M · net income −$17.4M · cash $358.4M — SEC XBRL.
DEBT TRANCHES (2)
| Tranche | Principal | Rate / spread | Maturity | SEC accession |
|---|---|---|---|---|
| 2023 Funding Agreement | $182.1M | — | — | 0001366868-26-000012 |
| 2021 Funding Agreement | $6.2M | — | — | 0001366868-26-000012 |
| Total (unmatured) | $188.3M |
Total = sum of listed unmatured tranche principal. Extracted from SEC filings; tranche-level, not exhaustive. Rate / spread = interest_rate_bps ÷ 100 — fixed coupon or floating-rate spread, as extracted from the filing; floating-rate bank debt shows the spread over its reference rate, not all-in cost.
SCHEDULE CREDIBILITY
How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.
| Source | Events | Late (share) | Median slip | Median slip, late only | Sub-score | On-time allowance |
|---|---|---|---|---|---|---|
| Roadmap milestones | 1 | 0 (0%) | 0 d | — | 100.0 | 30 d |
SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.
Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17
CONSTELLATION ACTIVITY
Constellations operated by this company — live satellite counts from the CelesTrak/GCAT object catalog.
| Constellation | Active | Total | Decayed | Health | Most recent deployment |
|---|---|---|---|---|---|
| Globalstar | 88 | 88 | 0 | 100.0% | Jun 19, 2022 |
SECTOR POSITION
RECENT COVERAGE
| Date | Source | Headline |
|---|---|---|
| Jul 27, 2026 | SpaceNews | Amazon files application for direct-to-device satellite constellation |
| Jul 21, 2026 | Payload Space | FCC Eyes Wi-Fi and Bluetooth Bands for Satellites |
| Jun 24, 2026 | Payload Space | Satellite Operators Launch Trade Association |
| May 11, 2026 | NASASpaceFlight | Launch Preview: SpaceX and Chinese missions fill busy launch manifest |
| Apr 14, 2026 | BusinessWire — Satellite/Space | Amazon to Acquire Globalstar and Expand Amazon Leo Satellite Network |
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Globalstar corporate homepage — operator confirmation for LEO satellite communications and MSS services (NASDAQ: GSAT).
METHODOLOGY
Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.
Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.