Abstract: This article analyzes the results of quarter of a century long analysis of the phenomenon of language globalization within the framework of new branch of interlinguistics – language globalistics. Emphasis is made on the analysis of established linguistic and extralinguistic factors of language globalization, reasons and circumstances of acquisition the status of global by English language. Attention is also paid to the concept of the global language network and sub-global languages in the Internet communication and global linguocultural and lexical-semantic exchange. The author examines the prospects of language globalization in the context of achievements of language globalistics. It is concluded that if for acquisition of the status of global by English language, the crucial role was played extralinguistic factors, then for consolidation and retention of this status linguistic factors were more significant. It is noted that the "users" are more important than "native speakers" for the language globalization. Internet communication, for which English language has historically become the key tool, continues to expand the composition of “users” of the global language. This would arise new challenges for the linguistic globalistics.