Globalstar is trading 4.18% down at $80.31 in pre-market on October 12, 2026, with no confirmed reason for the decline. - The supplied market context is mildly positive, so broad-market weakness does not explain the move. - An October 12 report says MDA Space won a contract to build more than 50 satellites for Globalstar, but gives no delivery timeline and does not link the announcement to the pre-market decline. - Available evidence does not establish the reason for the drop.