Globalstar Shares Surge After EchoStar's $23B Spectrum Sale

On August 26, 2025, shares of satellite communications company Globalstar (NASDAQ:GSAT) experienced a 4.8% surge in the afternoon trading session. This positive momentum was sparked by a major deal announced by a peer company in the industry.

EchoStar, a leading DISH TV operator, revealed that it was selling its low- and mid-band spectrum allocations to AT&T for a substantial $23 billion. While this transaction did not directly involve Globalstar, such a large-scale spectrum asset sale often generates positive sentiment for other companies in the sector that hold similar valuable spectrum resources.

Investors appear to be speculating that the high valuation placed on EchoStar's spectrum highlights the potential unrealized value of Globalstar's own spectrum portfolio. This has led to increased buying interest in Globalstar's stock, as the market anticipates the possibility of the company's spectrum assets being similarly valued in the future.

After the initial 4.8% jump, Globalstar's shares cooled down to $28.01, still up from the previous close. Despite the volatility, this move indicates that the market considers the EchoStar-AT&T spectrum deal as a meaningful event, though not one that would fundamentally alter the perception of Globalstar's business.