Globalstar, Inc. Common Stock
GSATGlobalstar, Inc. is a provider of mobile satellite voice and data services, offering connectivity solutions primarily for remote and mobile communications. The company operates a satellite-based network that supports various industries, including transportation, government, and enterprise markets. Founded in the late 1990s, Globalstar aims to deliver reliable communication services in areas lacking terrestrial infrastructure.
Company News
Globalstar stock fell 9.58% despite a price target hike to $71 from Clear Street the previous day. The decline was triggered by a Scotiabank note downgrading rival AST SpaceMobile, which highlighted the competitive disadvantage both companies face against SpaceX's Starlink. With Starlink launching 3,000+ satellites annually compared to Globalstar...
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Defense technology funding surged to $28 billion in 2025, with venture capital investment in autonomous systems and communications technologies more than doubling year-over-year, focusing on military-grade innovations across air, land, and sea domains.
Space sector saw significant activity with Planet Labs reporting strong Q2 revenue, EchoStar selling spectrum licenses to SpaceX for $17 billion, and UBS downgrading AST SpaceMobile.
Globalstar reported its highest annual revenue and best free-cash-flow year, but its stock is down 2% since the earnings announcement. Analysts are skeptical about the company's ability to sustain this level of free cash flow, leading to a negative sentiment on the stock.
