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. (NASDAQ: GSAT) is a global telecommunications provider that regularly issues news on its satellite and terrestrial connectivity business. The company operates a low Earth orbit (LEO) satellite constellation and holds licensed Band 53/n53 spectrum, and its news flow reflects developments across mobile satellite services, IoT solutions, and private network offerings.
Recent Globalstar announcements have focused on expansion of its ground infrastructure and progress on its third-generation C-3 Satellite System. The company has reported new and expanded ground stations in regions such as Brazil, South Korea, and Alaska, adding multiple C-3 tracking antennas to support mobile satellite services, IoT connectivity, and device-to-device (D2D) solutions across large geographic areas.
News items also highlight Globalstar’s investment program to expand its space and ground network, including commissioning new replacement satellites and advancing initiatives tied to international connectivity pledges. Updates on the HIBLEO XL-1 satellite system filing and broader C-3 buildout provide insight into how the company is preparing for higher-capacity and more resilient satellite services.
In addition, Globalstar’s news coverage includes product and technology developments such as the commercial rollout of the RM200M two-way satellite IoT module and the evolution of its XCOM RAN private 5G platform. The company has reported collaborations and trials with partners in areas like autonomous drones, warehouse automation, and multi-network IoT connectivity, demonstrating how its spectrum and private network solutions are being applied in real-world use cases.
Investors and observers can use the GSAT news page on Stock Titan to follow earnings releases, infrastructure expansion updates, product launches, and partnership announcements, providing a consolidated view of Globalstar’s operational and strategic developments over time.
GCT Semiconductor (NYSE: GCTS) and Globalstar have announced a strategic partnership to develop two-way satellite messaging systems for mobile devices and modules. The collaboration will utilize GCT's IoT chip GDM7243i in Globalstar's RM200M product, with future implementations incorporating GCT's 4G LTE chip GDM7243SL and 5G IoT-enabled chipset.
The partnership aims to enable seamless connectivity across cellular, private and satellite networks worldwide. Globalstar selected GCT's solution after evaluating multiple options, citing the narrowband and low-power capabilities of GDM7243i combined with the flexible multi-mode GDM7243SL as key factors.
Both companies will showcase their solutions at Mobile World Congress in Barcelona (March 3-6, 2025) and plan to collaborate on developing several LTE and IoT products to enhance Globalstar's solution portfolio.
Globalstar (NASDAQ: GSAT) reported strong financial results for 2024, with revenue increasing 12% to a record $250.3 million. The company's Commercial IoT service achieved record annual revenue with a 15% increase. Despite recording a net loss of $63.2 million, Adjusted EBITDA reached a record $135.3 million, up from $116.7 million in 2023.
Key developments include receiving $0.9 billion of a total $1.7 billion investment under Updated Services Agreements, and successful partnerships with Parsons for defense applications and Peiker Holding for automotive services. The company uplisted to Nasdaq Global Select Market following a 1-for-15 reverse stock split.
For 2025, Globalstar maintains its revenue guidance of $260-285 million with an expected adjusted EBITDA margin of approximately 50%.
Globalstar (NASDAQ: GSAT) has launched a new two-way satellite IoT solution through its LEO constellation, marking a significant upgrade from its previous one-way tracking capabilities. The company introduced the RM200M module, the first satellite module integrating GNSS, Bluetooth, accelerometer, and application processor features.
The solution enables low-latency messaging and reliable command and control for applications including fleet tracking, asset monitoring, pipeline telemetry, vessel tracking, disaster communications, and precision farming. Key features include a single-stack chipset for cost savings, global LEO satellite connectivity, and edge computing capabilities.
Two beta customers have already implemented the technology: Lasso Technologies for oil and gas tank monitoring, and TGI Connect for transportation technology solutions. Both companies reported rapid integration and deployment success, with TGI expanding into temperature monitoring and ELD compliance markets.
Globalstar (NASDAQ: GSAT) has announced it will release its fourth quarter and full year 2024 financial and operating results on Thursday, February 27, 2025, after market close. The company will host a conference call on the same day at 5:00 p.m. Eastern Time to discuss the results. The earnings release will be available through wire services and on the company's website at www.globalstar.com.
Globalstar (NASDAQ: GSAT) will showcase its connectivity solutions at Mobile World Congress Barcelona from March 3-6. The company will highlight its portfolio including LEO satellite network, XCOM RAN with Band n53 for private wireless networks, and SPOT satellite devices for remote communications.
CEO Dr. Paul Jacobs will speak at the Satellite and NTN Summit on March 5, while Chief Product Officer Mersad Cavcic will present at the 2025 Global Mobile Trends session on March 4. The event will feature Globalstar's first full-scale demonstration of XCOM RAN operating over Band n53 in Spain, with multiple daily demos scheduled throughout the congress.
Cavcic emphasized that 2025 is expected to be transformative for IoT communications, with Globalstar focusing on delivering next-generation satellite and terrestrial solutions for businesses operating in remote locations.
Comtech Telecommunications Corp (NASDAQ: CMTL) has appointed David B. Kagan as an independent director to its Board of Directors, effective February 13, 2025. Kagan brings over 35 years of experience in satellite communications leadership, most recently serving as CEO of Globalstar where he achieved significant top and bottom line improvements and expanded services to satellite IoT and direct-to-device satellite capability.
Prior to Globalstar, Kagan held leadership positions at ITC Global, Globe Wireless, and Spacenet. Ken Traub, Chairman, President and CEO of Comtech, highlighted Kagan's deep satellite industry experience and strength in capital markets, turnarounds, and strategic transactions as valuable assets for Comtech's ongoing comprehensive transformation.
Globalstar (Nasdaq: GSAT) has announced that its SmartOne Solar device has been awarded the 2024 IoT Excellence Award by TMC and Crossfire Media. The solar-powered asset tracker is distinguished as the only solar tracking device with leading certifications for hazardous environments.
The device can operate for up to 10 years in the field without maintenance, utilizing solar power for battery charging. It's specifically designed for various industries including transportation, oil and gas, construction, security, marine, and mining.
According to Mersad Cavcic, Globalstar CPO, the SmartOne Solar addresses key challenges in IoT monitoring within harsh environments through its ruggedized design and long operational lifecycle. The device operates on Globalstar's satellite connectivity network, providing worldwide coverage and supporting various applications for enhanced efficiency, optimization, and safety.
Globalstar (NASDAQ: GSAT) marked a significant milestone by ringing the Nasdaq opening bell on February 11, 2025, at the MarketSite in Times Square. Led by CEO Dr. Paul E. Jacobs, the ceremony symbolizes the company's 30-year journey and its position as a next-generation telecommunications infrastructure and technology provider.
Following the bell-ringing ceremony, Dr. Jacobs and the executive team participated in investor meetings. The event highlighted Globalstar's focus on innovative LEO satellite services, borderless terrestrial spectrum, and private 5G networking solutions. Dr. Jacobs emphasized that the Nasdaq listing reinforces the company's strong financials, momentum, and commitment to innovation, growth, and long-term value creation.
MDA Space has secured a definitive contract worth $1.1 billion CAD with Globalstar to serve as the prime contractor for their next-generation low Earth orbit (LEO) constellation. The agreement involves the manufacture of more than 50 MDA AURORA software-defined digital satellites.
This contract follows an initial Authorization to Proceed (ATP) contract announced on November 17, 2023. Approximately $750 million will be added to MDA's backlog in Q1 fiscal 2025, supplementing the previous ATP value of $350 million.
Globalstar (GSAT) announced plans to transfer its stock listing from NYSE American to the Nasdaq Global Select Market, effective February 11, 2025. The company will implement a previously-disclosed 1-for-15 reverse stock split effective February 10, 2025. Following the transfer, Globalstar expects to meet eligibility requirements for inclusion in the Nasdaq Composite Index.
The reverse stock split will automatically combine every 15 shares of issued and outstanding Common Stock into one share, with fractional shares rounded up to the next whole number. The company's authorized shares will be reduced to 143,333,334. Trading under the symbol 'GSAT' will continue on Nasdaq with a new CUSIP number 378973507.
CEO Dr. Paul E. Jacobs stated this strategic move aims to enhance visibility, attract diverse institutional shareholders, and improve overall liquidity, reflecting the company's strong growth trajectory.