Globalstar

GSAT

Market cap $7.76B

COVINGTON, La.--(BUSINESS WIRE)--Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces significant progress towards its $2 billion pledge made to the International Telecommunication Union (ITU) Partner2Connect initiative in March 2025. The company has now surpassed more than 50 percent of its commitment, investing over $1 billion to strengthen its global satellite network and expand broadband and IoT connectivity capabilities wor.

Globalstar (GSAT) is positioned for strong growth with its XCON RAN launch, government contracts, and ongoing infrastructure expansion. GSAT reported solid Q3'25 results, driven by Wholesale Capacity Services, Commercial IoT, and robust Subscriber Equipment sales growth. Despite trading at a premium, I reiterate a Strong Buy rating for GSAT with a $69/share price target, citing future margin expansion and revenue growth.

Globalstar (GSAT) hit highs it hasn't seen since 2014 after B. Riley raised its price target on the satellite services company.

Massachusetts-based Essex Investment Management acquired 194,343 shares of Globalstar in the third quarter. The acquisition marked a new position for Essex.

Globalstar, Inc. ( GSAT ) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST Company Participants Rebecca Clary - VP & CFO Paul Jacobs - CEO & Director Conference Call Participants Michael Crawford - B. Riley Securities, Inc., Research Division Gregory R.

Globalstar (GSAT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to break-even earnings per share a year ago.

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS.

GSAT's third-quarter results arrive Nov. 6 as investors weigh strong IoT and defense traction against rising costs and a lofty valuation.

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider today announced the addition of eight new six-meter C-3 tracking antennas being installed at its ground stations across Brazil. For more than two decades, Globalstar has provided mobile satellite services across Brazil via ground stations located in Manaus, Petrolina, and Presidente Prudente. Each of these Globalstar-owned ground stations are being expand.

Globalstar is exploring a potential sale and has held early discussions with Elon Musk's SpaceX among other prospective buyers, Bloomberg News reported on Thursday, citing people familiar with the matter