Globalstar Stock Price, News & Analysis

Globalstar (NASDAQ: GSAT) has initiated a major expansion of its ground station in Bihoro, Japan, marking a significant step in its global infrastructure development. The expansion includes the construction of additional tracking antennas to support both existing operations and the company's upcoming third-generation C-3 mobile satellite system.

Following the successful commissioning of its first installation in June 2024, this expansion is part of a broader initiative that will include over 90 additional tracking antennas globally. The project, supported by local partner IPmotion, represents Globalstar's commitment to expanding its mobile satellite services throughout Asia and strengthening its presence in the Japanese market.

Globalstar (NASDAQ: GSAT) has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army to evaluate advanced satellite data solutions for defense applications. The collaboration focuses on testing Globalstar's ultra-low SWaP-C (size, weight, power and cost) devices for covert sensing and tracking applications.

The partnership will assess solutions featuring low probability of intercept/detection (LPI/LPD) capabilities, specifically designed for unmanned systems, logistics tracking, and tagging/tracking/locating applications. Globalstar's technology enables edge processing and autonomous operation in contested environments through its LEO constellation network.

Globalstar (NASDAQ: GSAT) has signed definitive agreements with Telecom CLM to expand the Alcazar Teleport in Spain, doubling its existing footprint with three new tracking antennas and supporting infrastructure. This expansion supports Globalstar's third-generation C-3 mobile satellite services network and strengthens its Low Earth Orbit (LEO) constellation coverage across Europe.

The expansion demonstrates Globalstar's commitment to providing resilient satellite connectivity, highlighted by its recent performance during power outages in Spain and Portugal where its network remained operational while terrestrial networks were offline. The Alcazar expansion represents a strategic step in Globalstar's global ground infrastructure enhancement, aimed at delivering next-generation mobile satellite connectivity throughout the European region.

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.