Globalstar Stock Price, News & Analysis

Globalstar (NASDAQ: GSAT) has signed a launch services agreement with SpaceX for launching nine replacement satellites using a Falcon 9 rocket. The launch, scheduled for next year, follows the company's 2022 satellite procurement agreement with MDA (Macdonald, Dettwiler and Associates Corporation).

The satellites, constructed by MDA and Rocket Lab, will operate under Globalstar's HIBLEO-4 filing with a renewed 15-year term authorization from the Federal Communications Commission. These new satellites will work alongside existing second-generation satellites to ensure continuous telecommunications services.

Globalstar (NASDAQ: GSAT) has announced the successful installation of Clifton-8, the first 6-meter tracking antenna for its upcoming C-3 mobile satellite system at its Clifton, Texas ground station. This marks the beginning of a significant infrastructure expansion project that will involve installing over 90 new antennas across approximately 35 ground stations in 25 countries.

The Clifton station, which has been operational for over two decades, serves the continental U.S., Mexico, and Canada. Clifton-8 is the eighth tracking antenna at this location and the first of five new antennas planned to support the C-3 system. This installation represents the initial phase of Globalstar's Extended MSS Network development, aimed at enhancing the company's satellite connectivity capabilities.

Globalstar (NASDAQ: GSAT) announces its continued partnership with CERES TAG to provide satellite connectivity for livestock monitoring amid the New World Screwworm outbreak in Mexico. The partnership combines CERES TAG's smart ear tags for real-time animal tracking with Globalstar's satellite network to ensure uninterrupted connectivity in remote areas.

The threat of New World Screwworm has led to border closures for live animal imports, with potential economic losses in the hundreds of millions. CERES TAG has secured agreements with MWI Health and Animal Health International, committing to a minimum of 30,000 units to Globalstar for the remainder of the year.

Globalstar (GSAT) announces expanded collaboration with Technosylva to enhance wildfire response and firefighter safety through satellite-powered solutions. The partnership features continued deployment with INFOCA, Andalusia's regional fire authority, integrating Globalstar's SPOT satellite devices with Technosylva's Wildfire Analyst and fiResponse platforms. The integration provides real-time tracking, emergency signaling, and situational awareness for firefighters in remote areas. INFOCA has deployed 550 SPOT Gen3 devices since 2020, while the technology has proven successful across Spain, U.S., Canada, and Latin America. The solution combines fire behavior modeling with advanced communications to improve firefighter safety and operational decision-making, with major U.S. agencies in Texas and Georgia utilizing the system's predictive analysis capabilities.

Globalstar (NASDAQ: GSAT) announced that the FCC Space Bureau has accepted and published its C-3 System petition for filing and comment on May 30, 2025. This regulatory milestone represents a step forward in Globalstar's application process to expand and enhance its Mobile Satellite Services network. The acceptance for filing by the FCC Space Bureau marks a procedural advancement in the regulatory review process for Globalstar's telecommunications infrastructure development plans.

Globalstar (NASDAQ: GSAT) reported Q1 2025 financial results with revenue increasing 6% to $60.0 million, driven by wholesale capacity services. The company posted a net loss of $17.3 million and Adjusted EBITDA of $30.4 million, up from $29.6 million in Q1 2024. Key highlights include the launch of a two-way satellite IoT solution and a new Satellite Operations Control Center. Management reiterated 2025 guidance with revenue expected between $260-285 million and Adjusted EBITDA margin of ~50%. The company ended Q1 with $241.4 million in cash, down from $391.2 million in Q4 2024, primarily due to capital expenditures. Notable appointments include Dr. Tamer Kadous as VP & GM of Terrestrial Spectrum and Daaman Hejmadi as VP & GM of Wholesale Satellite Capacity.

Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, has announced its participation in five major investor conferences throughout May and June 2025. CEO Paul Jacobs will lead a fireside chat at the B. Riley Conference on May 21. The company will also attend the Craig Hallum, TD Cowen, Wolfe Research, and Jefferies Space Summit conferences, offering one-on-one and group meetings with investors. Two of these events will be held virtually, while others will take place in Marina Del Rey, Minneapolis, and New York.

Globalstar (NASDAQ: GSAT) has announced it will release its Q1 2025 financial and operating results on Thursday, May 8, 2025, after market close. The company will host a conference call the same day at 5:00 p.m. Eastern Time to discuss the results. Investors can access the earnings call via webcast or teleconference, with registration required for the latter. For those unable to attend live, a replay will be available in the Investor Relations section of Globalstar's website until May 8, 2026.

Globalstar (NASDAQ: GSAT) has announced two key appointments to lead its business divisions. Dr. Tamer Kadous will head the terrestrial spectrum and network solutions business as Vice President and General Manager, bringing over 20 years of wireless communications experience from XCOM Labs and Qualcomm.

Daaman Hejmadi joins as Vice President and General Manager of the wholesale satellite capacity business. At Qualcomm, he transformed the Bangalore design center, contributing to $12 billion in revenue, and at Intel, he managed 10,000 engineers across 30+ sites, generating approximately $10 billion in revenue.

The terrestrial spectrum division focuses on private wireless network solutions using XCOM RAN and Band n53 assets, while the wholesale satellite capacity business aims to expand consumer access through strategic partnerships.