Welcome to our dedicated page for Globalstar news (Ticker: GSAT), a resource for investors and traders seeking the latest updates and insights on Globalstar stock.
Globalstar, Inc. reports developments in satellite and terrestrial connectivity, including mobile satellite services, low Earth orbit satellite infrastructure, licensed Band 53/n53 spectrum and private wireless technology. Its recurring news themes include XCOM RAN private 5G deployments, IoT and direct-to-device connectivity, ground-station expansion, spectrum-enabled partnerships, government and defense collaborations, and operating results.
The company serves business, enterprise, consumer and governmental markets with voice, data, asset-tracking, safety and personal communications services. Updates also cover satellite network upgrades, product modules, ecosystem partners and material corporate actions tied to its communications infrastructure and capital structure.
Globalstar (NASDAQ:GSAT) reported strong Q2 2025 financial results with revenue increasing 11% to $67.1 million, driven by wholesale capacity services and Commercial IoT growth. The company posted net income of $19.2 million and Adjusted EBITDA of $35.8 million, representing a 53% margin.
Key operational highlights include a new launch services agreement with SpaceX for satellite deployment, expansion of ground infrastructure for the C-3 constellation across 25 countries, and strategic partnerships with Parsons Corporation and the U.S. Army. The company reaffirmed its 2025 guidance with expected revenue of $260-285 million and approximately 50% Adjusted EBITDA margin.
The company maintained a strong liquidity position with $308.2 million in cash and cash equivalents, while reducing debt to $400.2 million as of June 30, 2025.
Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, has announced its participation in three upcoming investor conferences in August and September 2025.
The company will attend the Morgan Stanley Media & Communications Corporate Access Day on August 12, the TD Securities Technology Growth Capital Summit on September 4, and the B. Riley 2nd Annual Space Symposium on September 25. The events will feature one-on-one and group meetings with investors.
Webcasts and presentation materials will be available on Globalstar's investor relations website, with replays accessible for 30 days following each event.
Globalstar (NASDAQ: GSAT) and Parsons Corporation (NYSE: PSN) have successfully completed a proof of concept integrating Globalstar's Low Earth Orbit (LEO) satellite capabilities with Parsons' software-defined communication technologies. The testing, conducted across three European ground stations, validated the system's performance and operational readiness.
The joint solution leverages Globalstar's LEO satellite constellation to provide fast, reliable global communications, particularly in areas with compromised infrastructure. This successful demonstration follows earlier prototype testing in the continental U.S. and marks a significant advancement toward commercial availability of the integrated solution.
Globalstar (Nasdaq: GSAT) has scheduled its Q2 2025 financial and operating results announcement for Thursday, August 7, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results.
Investors can access the earnings call via webcast or teleconference, with registration required for phone participation. A replay of the webcast will remain available in the Investor Relations section of Globalstar's website until August 7, 2026.
Globalstar (NASDAQ: GSAT) has begun construction to expand its ground station infrastructure in Canada, adding three additional tracking antennas at both its High River, Alberta, and Smiths Falls, Ontario facilities. This expansion is part of the company's global initiative to deploy over 90 additional tracking antennas supporting its third-generation C-3 mobile satellite system.
The two Canadian facilities, which have been operational for over 20 years, currently operate four tracking antennas each. The expansion will enhance Globalstar's ability to deliver next-generation mobile satellite solutions across North America, supporting both existing satellite constellation and future C-3 system capabilities.
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.