Globalstar, Inc. (GSAT) Research

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.

Market snapshot

Symbol
GSAT
Price
$80.41
Day change
+0.50%
Market cap
$10.4B
P/E ratio
-904.76x
52-week range
22.35-84.7
Sector
Communication Services
Industry
Telecommunications Services
Next earnings
in 2 months
Analyst price target
$70.00

Recent news

  • Deal Dispatch: Amazon Buys Globalstar, Instacart Grabs Instaleap, QVC Announces Bankruptcy

    • Amazon.com shares are trending higher. What's pushing AMZN stock higher?

  • Three Lessons From Amazon's Blockbuster Deal to Buy Globalstar

    Analysts say the deal is a boon for Amazon.

  • How the Globalstar purchase could turn Amazon's Leo into a satellite powerhouse

    Amazon is raking in cash at the box office after sending Ryan Gosling to space with “Project Hail Mary.” Its latest space play could make a real-world satellite business into a winner, too.

Peer companies

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  • Madison Square Garden Sports Corp. (MSGS)
  • PLDT Inc. (PHI)
  • Telephone and Data Systems, Inc. (TDS)
  • Turkcell Iletisim Hizmetleri A.S. (TKC)

Recent insider activity

  • Clary Rebecca — S-Sale (920 shares) on 2026-06-04
  • COWAN KEITH O — A-Award (3333 shares) on 2026-05-11
  • HASLER WILLIAM A — A-Award (3333 shares) on 2026-05-11
  • Taylor Timothy Evan — A-Award (3333 shares) on 2026-05-11
  • Wolff Benjamin G — A-Award (3333 shares) on 2026-05-11

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