Company Overview - Globalstar, Inc. is a leading provider of mobile satellite services with a global footprint and a diversified product portfolio targeting mission-critical connectivity needs [4] - The company leverages its proprietary satellite network and strategic partnerships to address both consumer and enterprise demand for remote voice, data, and IoT solutions [4] - Globalstar focuses on expanding 5G and IoT capabilities, positioning itself as a key player in the evolving satellite communications landscape [4] Financial Performance - As of February 13, 2026, Globalstar's market capitalization is $7.27 billion [3] - The company reported a revenue of $272.99 million for the trailing twelve months (TTM) [3] - Globalstar's net income for the TTM is -$19.26 million, indicating a loss [3] Recent Developments - On February 13, 2026, 140 Summer Partners LP disclosed a new position in Globalstar, acquiring 917,500 shares valued at approximately $56.00 million [1][2] - This acquisition represents 4.14% of the fund's 13F reportable assets under management [3][5] - Globalstar's share price was $60.06 as of the market close on February 13, 2026, reflecting a 171.8% increase over the past year, significantly outperforming the S&P 500 by 160.0 percentage points [3]