Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
IPO Year: 2025
Exchange: AMEX
Website: globalstar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2025 | $62.00 | Hold | Deutsche Bank |
| 8/4/2023 | $7.79 | Outperform | Imperial Capital |
| 5/3/2023 | $1.75 → $0.97 | Underweight → Equal-Weight | Morgan Stanley |
| 10/31/2022 | $5.00 | Buy | Craig Hallum |
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Deutsche Bank initiated coverage of Globalstar with a rating of Hold and set a new price target of $62.00
Imperial Capital initiated coverage of Globalstar with a rating of Outperform and set a new price target of $7.79
Morgan Stanley upgraded Globalstar from Underweight to Equal-Weight and set a new price target of $0.97 from $1.75 previously
Craig Hallum initiated coverage of Globalstar with a rating of Buy and set a new price target of $5.00
B. Riley Securities initiated coverage of Globalstar with a rating of Buy and set a new price target of $3.25
Morgan Stanley downgraded Globalstar from Equal-Weight to Underweight and set a new price target of $1
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Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that the planned May 17 launch of its HIBLEO-4 replenishment satellites with SpaceX has been postponed to allow more time for Globalstar teams to prepare the satellites for launch. A new launch date will be shared once confirmed. The mission remains focused on replenishing Globalstar's existing low Earth orbit constellation in support of continued network resilience and service reliability. About Globalstar, Inc. Globalstar is a global telecommunications provider connecting what matters most. Through our industry-leading low Earth orbit (LEO) satellite constellation a
The mission will support Globalstar's current-generation LEO constellation; live launch coverage available online Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Globalstar's HIBLEO-4 replenishment satellites will launch on a SpaceX Falcon 9 rocket on Sunday, May 17 during a 14-minute window that opens at 8:50 a.m. ET, from Cape Canaveral Space Force Station in Florida. The satellites are designed to help replenish Globalstar's existing low Earth orbit constellation, supporting continued network resilience and service reliability across the company's satellite communications offerings. The launch is part of Gl
Generated first quarter 2026 revenue of $70.1 million, a 17% increase from the prior year's first quarter, bolstered by higher wholesale capacity services revenue Announced entry into definitive merger agreement with Amazon Advanced satellite constellation roadmap with two planned launches during 2026 and further development of next-generation satellites Received further regulatory clarity from the Federal Communications Commission's ("FCC") Space Bureau reaffirming Globalstar's exclusive MSS operating rights in the Big LEO spectrum band Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 202
Globalstar satellites, radio frequency spectrum, and operational expertise will enable Amazon Leo to add Direct-to-Device (D2D) services to future generations of its low Earth orbit satellite network New Amazon Leo D2D system will help mobile network operators extend voice, text, and data services to customers beyond the reach of terrestrial cellular networks Amazon and Apple enter agreement for Amazon Leo to power satellite services for supported iPhone and Apple Watch models, allowing users to text emergency services, message friends and family, request roadside assistance, and more Today Amazon.com, Inc. (NASDAQ:AMZN) and Globalstar, Inc. (NASDAQ:GSAT) announced that they have ente
Expands Spectrum and Partners for Global Reach XCOM RAN by Globalstar, a pioneer in next generation private 5G technology, today announced the launch of their end-to-end private 5G solution, boosting the adoption of physical AI for automation initiatives across industries. XCOM RAN's unique Supercell architecture, based on O-RAN standards, now includes the XCOM Radio Series with indoor and outdoor options, the XCOM Core (now offered in addition to private 5G cores from our partners), and the XCOM Orchestrator, a comprehensive multi-tenant management and orchestration system designed to streamline operations and minimize the learning curve for enterprise teams new to private 5G. XCOM RAN
Strong year-over-year growth demonstrates improved market position Increased full year 2025 revenue 9% to a record $273.0 million in line with guidance Launched two-way satellite IoT capabilities and completed the commercial rollout of the RM200M module, expanding Globalstar's addressable markets Progressed global expansion of ground infrastructure to support launch of next-generation constellation Diversified market approach with key collaborations in government and defense Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2025. Globalstar reported full year revenue of $27
Virewirx system to incorporate Globalstar XCOM RAN Private 5G Platform Virewirx has been awarded a Phase II $1.9 million Small Business Innovation Research (SBIR) OUSW (R&E) FutureG contract from the Office of the Under Secretary of War (OUSW) to develop an advanced 5G system designed to perform reliably in challenging Radio Frequency (RF) environments. This breakthrough technology will enable mission-critical communications in previously impossible environments, ensuring warfighters maintain connectivity for coordination, safety, and operational success in ships, hangars, and other demanding locations where traditional wireless systems fail. Virewirx selected telecom leader Globalstar
Globalstar, Inc. (NASDAQ:GSAT) will announce its fourth quarter and full year 2025 financial and operating results on Friday, February 27, 2026 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Friday, February 27, 2026 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/8v6dbgc2 To participate in the earnings call via teleconference, participants should register at t
Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Boingo Wireless — a leading provider of 5G, Wi-Fi and private network connectivity solutions — will integrate XCOM RAN by Globalstar into its private network infrastructure. Boingo's private networks deliver secure, high-bandwidth connectivity for critical operations at airports, transit hubs, stadiums, hospitals, convention centers, military bases and more. With XCOM RAN's advanced software-defined private 5G platform, Boingo unlocks new capabilities across indoor and outdoor network deployments. Following a technical evaluation, Boingo has validated the performan
Supporting its Third-Generation Mobile Satellite Services Across East Asia Globalstar, Inc. (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announced the addition of three new six-meter C-3 tracking antennas being installed at its ground station in Yeo Ju, South Korea. For more than two decades, Globalstar has provided mobile satellite services across East Asia via its ground station located in Yeo Ju, South Korea, which has now been expanded to include three C-3 tracking antennas. These enhancements will ensure high service quality and redundancy of essential network elements, supporting a next generation of mobile satellite connectivit
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Generated first quarter 2026 revenue of $70.1 million, a 17% increase from the prior year's first quarter, bolstered by higher wholesale capacity services revenue Announced entry into definitive merger agreement with Amazon Advanced satellite constellation roadmap with two planned launches during 2026 and further development of next-generation satellites Received further regulatory clarity from the Federal Communications Commission's ("FCC") Space Bureau reaffirming Globalstar's exclusive MSS operating rights in the Big LEO spectrum band Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 202
Globalstar satellites, radio frequency spectrum, and operational expertise will enable Amazon Leo to add Direct-to-Device (D2D) services to future generations of its low Earth orbit satellite network New Amazon Leo D2D system will help mobile network operators extend voice, text, and data services to customers beyond the reach of terrestrial cellular networks Amazon and Apple enter agreement for Amazon Leo to power satellite services for supported iPhone and Apple Watch models, allowing users to text emergency services, message friends and family, request roadside assistance, and more Today Amazon.com, Inc. (NASDAQ:AMZN) and Globalstar, Inc. (NASDAQ:GSAT) announced that they have ente
Strong year-over-year growth demonstrates improved market position Increased full year 2025 revenue 9% to a record $273.0 million in line with guidance Launched two-way satellite IoT capabilities and completed the commercial rollout of the RM200M module, expanding Globalstar's addressable markets Progressed global expansion of ground infrastructure to support launch of next-generation constellation Diversified market approach with key collaborations in government and defense Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2025. Globalstar reported full year revenue of $27
Globalstar, Inc. (NASDAQ:GSAT) will announce its fourth quarter and full year 2025 financial and operating results on Friday, February 27, 2026 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Friday, February 27, 2026 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/8v6dbgc2 To participate in the earnings call via teleconference, participants should register at t
Reports revenue growth; reaffirms financial outlook Generated third quarter 2025 revenue of $73.8 million, reaching a record high, driven by higher wholesale capacity services and subscriber equipment sales Advanced the development of the Extended MSS Network, including expansion and upgrade of global ground infrastructure to support third-generation C-3 satellite system, utilizing ongoing prepayment funding from wholesale capacity customer Gained market traction and generated strong sales with subscriber product portfolio, including the availability of a new two-way module, RM200M, on a global basis Received an initial order from a new warehouse automation customer utilizing XCOM R
Globalstar, Inc. (NASDAQ:GSAT) will announce its third quarter 2025 financial and operating results on Thursday, November 6, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, November 6, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/3ekv2xfw To participate in the earnings call via teleconference, participants should register at the following l
Reports revenue increase; reaffirms financial outlook Generated second quarter 2025 revenue of $67.1 million, an 11% increase over the prior-year period driven by higher wholesale capacity services and Commercial IoT revenue Entered into a launch services agreement with SpaceX for the launch of the second set of replacement satellites under construction by MDA Space pursuant to our 2022 satellite procurement agreement Announced that the Federal Communications Commission (FCC) Space Bureau accepted for filing Globalstar's C-3 petition to advance our mobile satellite services (MSS) network expansion Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its
Globalstar, Inc. (NASDAQ:GSAT) will announce its second quarter 2025 financial and operating results on Thursday, August 7, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, August 7, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/edgptfvv To participate in the earnings call via teleconference, participants should register at the following link to
First quarter 2025 revenue increased 6% to $60.0 million, driven by strength in wholesale capacity services Announced launch of two-way satellite commercial IoT solution with mass production expected in the second quarter of 2025 Introduced new state-of-the-art Satellite Operations Control Center (SOCC) at Globalstar's headquarters Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 2025. "Our first quarter results are in-line with our expectations with revenue increasing 6% to $60.0 million. Net loss for the quarter was $17.3 million, driven predominantly by non-cash items. Adjusted EBITDA* was $
Globalstar, Inc. (NASDAQ:GSAT) will announce its first quarter 2025 financial and operating results on Thursday, May 8, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, May 8, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/gcqrbxci To participate in the earnings call via teleconference, participants should register at the following link to receive an emai
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Live Leadership Updates
February 18, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that the Comtech Board of Directors (the "Board") has appointed David (Dave) B. Kagan as an independent director to the Board, effective February 13, 2025. Mr. Kagan has deep experience leading satellite communications companies over the course of his career, which spans more than 35 years. Most recently, he served as CEO of Globalstar, where he drove significant top and bottom line improvements. He also expanded Globalstar's services beyond the legacy of one-way messaging and GPS to focus on satellite IoT and was a key contributor in s
Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connectivity innovator Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf. Strive Masiyiwa, founder and Chairman of Liquid Intelligent Technologies said, "I'm really excited by the connectivity solutions now emerging from breakthroughs in 5G private networks technologies. With this technology we are now able to provide services to large businesses like mines with their own 5G private networks that can also enable NextGen services like AI; this is huge." The partnership wil
Ben Wolff Re-joins Executive Team as Executive Vice Chairman Sarcos Technology and Robotics Corporation ("Sarcos") (NASDAQ:STRC), a technology leader in advanced robotic systems, solutions, and software that redefine human possibilities, today announced that the Company's interim President and Chief Executive Officer, Laura Peterson, has been appointed to serve as the Company's permanent President and Chief Executive Officer. The Company also announced that Sarcos co-founder, current director and former Chief Executive Officer, Ben Wolff, has re-joined the executive team as Executive Vice Chairman. Peterson has served as interim President and Chief Executive Officer since May 2023 and h
Paul E. Jacobs, Ph.D., founder of XCOM Labs and former CEO and Executive Chairman of Qualcomm, has become CEO of Globalstar Matt Grob, Chief Technology Officer of XCOM and former CTO of Qualcomm, has also joined Globalstar as Chief Technology Officer; Grob and other key XCOM technologists are expected to drive Globalstar's innovation in new and ongoing initiatives across both the satellite and terrestrial areas of the business Globalstar has exclusively licensed XCOM Labs' technology to enhance its terrestrial wireless efforts, with the goal of accelerating and expanding its ability to develop commercial applications and enter a broader range of end markets Globalstar, Inc. (NYSE:
MIDDLETOWN, R.I., June 22, 2022 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (NASDAQ:KVHI), today announced that its Board of Directors (the "Board") has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH. Mr. Bruun has served as KVH's Interim President and Chief Executive Officer since March 2022. He first joined KVH in 2008 and played a critical role in the growth of the Company's industry-leading mobile connectivity business. Cathy-Ann Martine-Dolecki, Chair of the Board, commented, "We would like to congratulate Brent on his appoi
Globalstar, Inc. (NYSE:GSAT) today announced Dave Haight has joined Globalstar as vice president of IoT. Haight is a prominent telecom and IoT industry leader, with extensive experience driving network connectivity growth and developing impactful strategies to build partner channels and strategic relationships in IoT. Haight joins Globalstar after his success developing the IoT business at AT&T as well as other companies. He served as vice president of business development for AT&T's Mobility Emerging Devices Organization, where he initiated and grew the organization into AT&T's current IoT business. This appointment further solidifies Globalstar's commitment to expansion within the IoT in
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced a series of senior leadership and organizational changes to drive growth within the Commercial IoT sector. Amongst these changes, Globalstar has appointed Jim Mandala to the role of Vice President of Commercial IoT Sales with global responsibilities. Mandala has been with Globalstar for 15 years, and previously held the Vice President General Manager title overseeing sales in Canada and Europe, in addition to restructuring business operations in Africa. In his new role, Mandala will lead the partnership and sales efforts driving Globalstar’s Commercial IoT busi