| Schedule Of Property And Equipment |
Property and equipment consists of the following (in thousands):
| | | | | | | | | | | | | As of: | | September 30,
2026 | | December 31,
2025 | | Globalstar System: | | | | | Space component | $ | 1,089,762 | | | $ | 1,078,242 | | | | | | | Ground component | 108,969 | | | 107,536 | | | Construction in progress: | | | | | Space component | 1,257,391 | | | 998,215 | | | Ground component | 217,553 | | | 90,132 | | | Other | 10,819 | | | 8,694 | | | Total Globalstar System | 2,684,494 | | | 2,282,819 | | | Internally developed and purchased software | 28,212 | | | 26,033 | | | Equipment | 21,004 | | | 20,649 | | | Land and buildings | 3,947 | | | 3,845 | | | Leasehold improvements | 2,467 | | | 2,458 | | | Total property and equipment | 2,740,124 | | | 2,335,804 | | | Accumulated depreciation | (1,081,096) | | | (1,030,346) | | | Total property and equipment, net | $ | 1,659,028 | | | $ | 1,305,458 | |
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