Globalstar is a publicly owned US-based company, founded in 1991 and employing approximately 400 individuals, specializing in telecoms. The company operates a low Earth orbit satellite constellation to provide satellite phone and low-speed data communications.
On March 14, 2026, Greenhouse Funds LLLP expanded its position in Globalstar during the final quarter of 2025, acquiring an additional 75,653 shares of the satellite communications company. This transaction, valued at an estimated $4.18 million based on the period's average share price, boosted Greenhouse Funds' holding to 4.91% of its portfolio. Previously, on March 10, Globalstar's CEO stated that 2026 would be an "inflection year" for the satellite-to-cellular race. This followed news from March 9 that 140 Summer Partners LP initiated a new stake in Globalstar, adding 917,500 shares. This acquisition increased the firm's quarter-end position value by $56 million, with the new position representing 4.14% of its 13F reportable assets under management.
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