Globalstar Draws Investor Interest as Satellite Networks Extend Connectivity Beyond Cellular Coverage
Source: Motley Fool
2026-03-09 16:34:37 ET
On February 13, 2026, 140 Summer Partners LP disclosed a new position in Globalstar (NASDAQ:GSAT) , acquiring 917,500 shares in an estimated $56.00 million trade based on quarterly average pricing.
According to a Securities and Exchange Commission (SEC) filing dated February 13, 2026, 140 Summer Partners LP acquired 917,500 shares of Globalstar (NASDAQ:GSAT) in the most recent quarter. The quarter-end stake was valued at $56.00 million, reflecting the acquisition during the period.
This was a new position; Globalstar now accounts for 4.14% of the fund’s 13F reportable assets under management
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Globalstar Draws Investor Interest as Satellite Networks Extend Connectivity Beyond Cellular Coverage
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