Globalstar, Inc. (GSAT)

Globalstar's stock (GSAT) traded between $17.24 and $74.88 over the past 52 weeks, closing at $54.13 on February 5, 2026. Key events include reiterating the full-year 2025 revenue outlook of $260 million to $285 million, reporting strong Q2 financial results with an 11% increase in total revenue to $67.1 million and adjusted EBITDA rising to $35.8 million, reporting record quarterly revenue of $73.8 million in Q3 2025, driven by growth in wholesale capacity services and commercial IoT, with commercial IoT service revenue increasing due to a 6% rise in average subscribers. Globalstar's General Counsel sold 9,790 shares to cover taxes related to a restricted stock award. The company announced a major expansion of its ground infrastructure across Brazil and completed a significant expansion in South Korea. Globalstar and Skydio completed the first drone flight on Globalstar Band n53™ and XCOM RAN. Boingo Wireless announced it would integrate XCOM RAN by Globalstar for private 5G deployments. GSAT fell 4.9% on February 4, 2026, potentially influenced by broader market concerns about a cooling labor market.

Explicit information regarding demand seasonality for Globalstar's products and services is not readily available. The broader satellite communication market generally experiences consistent and growing demand. Demand is driven by the need for reliable global connectivity, advancements in satellite technologies, and the expansion of IoT. Key industries include maritime, aviation, government, defense, IT, and telecommunications. While individual use of SPOT devices might see seasonal peaks, commercial and government applications provide a more stable demand profile.

Globalstar, Inc. is an American telecommunications company providing mobile satellite services through its low Earth orbit (LEO) satellite constellation. Its services include duplex communication via satellite phones, personal tracking and emergency notification devices (SPOT), commercial IoT devices for remote asset monitoring, wholesale capacity services (notably with Apple for emergency SOS), terrestrial spectrum assets, and XCOM RAN technology for private 5G deployments. The company serves diverse industries such as recreation, government, public safety, oil and gas, maritime, utilities, and transportation.

Globalstar provides mobile satellite services across the United States, Canada, Europe, Central and South America. SPOT products cover virtually all of the continental United States, Canada, Mexico, Europe, Australia, portions of South America, parts of North and South Africa, and North-East Asia, extending hundreds of miles offshore. The company holds terrestrial spectrum licenses in 11 countries. Service coverage is limited in certain remote areas, such as polar regions, much of Africa, the South Asian subcontinent, and most mid-ocean regions. Globalstar is expanding its global ground infrastructure to support its third-generation C-3 satellite system, with recent expansions in South Korea and Brazil.

Globalstar's brand reputation benefits from its partnership with Apple for emergency SOS features, enhancing its visibility and credibility. However, Apple's partnership with SpaceX and T-Mobile for direct-to-mobile connectivity poses a potential challenge. Analyst ratings are generally positive, with a consensus rating of "Moderate Buy," although some older assessments indicated mixed financial sentiment.

Globalstar, Inc. has a mixed ownership structure. Approximately 14.53% to 21.96% of the company's stock is owned by institutional investors, while insiders hold about 60.79%, and public companies and individual investors own roughly 7.43% to 17.25%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Greenhouse Funds LLLP, Susquehanna International Group, Llp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Ashford Capital Management Inc, Hood River Capital Management LLC, State Street Corp (including State Street Global Advisors, Inc.), Geode Capital Management, Llc, and American Century Companies Inc (including American Century Investment Management Inc).