The company delays the SpaceX launch to finalize satellite preparations, with a new date pending announcement.
Globalstar (NYSE: GSAT) announced a delay in the launch of its HIBLEO-4 replenishment satellites, originally scheduled for May 17. The postponement aims to allow additional time for satellite launch preparations, according to the company.
The HIBLEO-4 satellites were set to launch aboard a SpaceX rocket. Globalstar did not provide a specific reason for the delay but stated a new launch date will be announced once finalized. The company has not indicated any impact on its broader satellite deployment timeline.
No immediate market reaction was reported following the announcement.