Globalstar is a telecommunications company that specializes in satellite communication services. It provides voice and data services to a wide range of customers, including individuals, businesses, and government agencies, particularly in remote and rural areas where traditional cellular service is unavailable or unreliable. The company operates a constellation of low Earth orbit satellites that facilitate global connectivity and enable users to communicate via satellite phones, GPS tracking, and various Internet of Things (IoT) applications. Globalstar's technology plays a crucial role in enhancing communication capabilities across diverse industries, including agriculture, maritime, and energy. Read More
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 3.5% in the morning session after the company announced it has started construction to expand its ground station in Singapore. The satellite communications company announced that construction has started on an expansion of its ground station in Singapore. This project will add two new 6-meter tracking antennas to support its third-generation C-3 mobile satellite system (MSS). The development builds upon a 17-year partnership with Singtel, which hosts the facilities, and is expected to enable expanded service offerings across Southeast Asia. This operational news follows a strong second-quarter financial report from August 8, where Globalstar beat revenue expectations and reported a significant increase in net income, returning to profitability. The combination of strong recent performance and strategic expansion appears to be boosting investor confidence.
Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that construction has commenced to expand the size of the ground station in Singapore to support its third-generation C-3 mobile satellite system (MSS).
Satellite communications provider Globalstar (NASDAQ:GSAT) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 11.2% year on year to $67.15 million. The company’s full-year revenue guidance of $272.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.04 per share was significantly above analysts’ consensus estimates.
AST SpaceMobile Inc. is acquiring global S-Band priority rights for its space-based cellular broadband network, boosting connectivity in underserved regions.
Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company will be participating at the following upcoming investor conferences:
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 3.1% in the afternoon session after the company and Parsons Corporation announced a successful proof of concept for a joint commercial satellite solution. This collaboration integrated Globalstar's Low Earth Orbit (LEO) satellite capabilities with advanced software from Parsons, a leader in national security solutions. The company stated this successful test marked a significant step toward the commercial availability of their joint product. This development paved the way for new commercial satellite solutions, signaling progress in the company's technological and business partnerships.
Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, and Parsons Corporation, a global leader in national security and critical infrastructure solutions, (NYSE: PSN) today announced a significant step toward commercial availability of a joint solution that integrates Globalstar’s Low Earth Orbit (LEO) satellite capabilities with Parsons’ advanced software-defined communication technologies. This collaborative effort marks the successful completion of a proof of concept conducted across three European ground stations, which validated performance and operational readiness for real-world deployment.
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:
Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that construction has commenced at Globalstar’s two Canadian ground stations, High River in Alberta and Smiths Falls in Ontario. The expansion adds three additional tracking antennas at each facility, continuing Globalstar's global infrastructure expansion.
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Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces construction commencement of additional gateway infrastructure at its existing ground station in Bihoro, Japan. This strategic expansion begins the rapid growth of Globalstar’s mobile satellite services throughout Asia, including additional infrastructure in multiple locations required to support its third-generation C-3 mobile satellite system.
Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, announces a Cooperative Research and Development Agreement (CRADA) with the United States Army. Under the agreement, Globalstar will collaborate with Army research and development teams to evaluate the performance of its advanced satellite data solutions for the Department of Defense including low probability of intercept/low probability of detect (LPI/LPD) communications for covert sensing, unmanned systems, congested logistics tracking, and tagging/tracking/locating (TTL) applications across various mission-aligned use cases.
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Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces the execution of definitive agreements with Telecom Castilla-La Mancha, S.A. (“Telecom CLM”) to expand the Alcazar Teleport in Castilla La Mancha, Spain, with additional ground station antennas and associated infrastructure. These further investments will support Globalstar’s launch and operation of its previously announced third-generation mobile satellite services network, the C-3 System.
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 5.4% in the morning session after the company announced it signed a launch services agreement with SpaceX. The deal is for a Falcon 9 launch to send the next set of Globalstar's satellites into orbit, which are being built by Macdonald, Dettwiler and Associates Corporation (MDA).
Globalstar shares are trading higher Monday morning. The company earlier announced it has contracted with SpaceX to launch a new set of satellites aboard a Falcon 9 rocket.
Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that the Company has signed an agreement with SpaceX for a Falcon 9 launch for the next set of satellites, pursuant to the 2022 satellite procurement agreement with MDA. As previously disclosed, these satellites will provide continuous satellite services in combination with the existing second-generation satellites in operation today. Globalstar expects the launch will take place next year following the initial launch this year. These satellites have been authorized by the Federal Communications Commission to operate under Globalstar’s HIBLEO-4 filing for a renewed 15-year term.
