Globalstar Achieves Significant Milestone in $2 Billion ITU Commitment, Fulfilling More Than Half of Its Goal to Enhance Global Connectivity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2025
0mins
Should l Buy GSAT?
Source: Newsfilter
Investment in Infrastructure: Globalstar has invested over $1 billion towards its $2 billion commitment to the ITU Partner2Connect initiative, focusing on enhancing its satellite network and expanding broadband and IoT connectivity globally.
C-3 System Development: The company is building its third-generation C-3 system, which includes new satellites and ground stations, aimed at improving mobile satellite services with higher capacity and better support for data-driven applications.
Global Expansion: Globalstar is constructing ground stations at 14 sites across 8 countries, reinforcing its global presence and commitment to universal connectivity, particularly in remote and underserved regions.
Ongoing Commitment: The initiative is on track to meet its implementation deadline, aligning with Globalstar's mission to provide affordable and sustainable connectivity in accordance with the ITU's global development goals.
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Analyst Views on GSAT
Wall Street analysts forecast GSAT stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 59.000
Low
60.00
Averages
67.00
High
75.00
Current: 59.000
Low
60.00
Averages
67.00
High
75.00
About GSAT
Globalstar, Inc. is an international telecom infrastructure provider. It provides mobile satellite services, including voice and data communications and wholesale capacity services through its global satellite network. Its low earth orbit (LEO) satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Its terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks to improve customer wireless connectivity, while its XCOM RAN product offers capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, it offers Internet of things (IoT) hardware and software products for tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Competition: SpaceX launches over 3,000 satellites annually, while Globalstar has only 24 in orbit, a disparity that could significantly impact its market share and profitability.
- Profit Outlook: Globalstar has only turned a profit once in the past decade and is not expected to be profitable again until 2027, raising investor doubts about its long-term sustainability.
See More
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- Competitive Pressure: Analysts highlight that Globalstar lags behind SpaceX's Starlink in terms of satellite count and brand recognition, with Starlink launching over 3,000 satellites annually compared to Globalstar's approximately 24, which may hinder its market competitiveness.
- Uncertain Profit Outlook: Having only achieved full-year profitability once in the past decade, Globalstar is not expected to return to profitability until 2027, raising investor concerns about its future earnings potential, especially in a competitive landscape.
- Investment Recommendations: While Clear Street views Globalstar's contract with Apple as a risk mitigator, other analysts express caution regarding its future performance, as the Motley Fool's analyst team did not include it in their recommended stocks, reflecting market skepticism about its prospects.
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