GSAT

Globalstar, Inc. provides mobile satellite services (MSS) and related communications infrastructure through a low-earth orbit (LEO) satellite constellation. Headquartered in Covington, Louisiana, the company operates a network of 24 second-generation satellites that deliver voice and data services to commercial and government customers worldwide. Globalstar's primary offerings include duplex satellite phones, simplex data modems, and SPOT consumer tracking devices that enable communications in areas beyond terrestrial cellular coverage. The company serves industries including natural resources, government, maritime, and emergency services, with particular strength in the oil and gas sector across North America and international markets. In recent years, Globalstar has evolved its business model beyond traditional satellite services. The company entered a significant spectrum partnership with Apple in 2022, enabling Emergency SOS via satellite features on iPhone 14 and later models. This arrangement provides Globalstar with substantial recurring revenue and positions the company at the intersection of satellite and consumer technology markets. The company operates ground stations across multiple continents to support its satellite network and maintains approximately 135 employees. Globalstar generates revenue through service subscriptions, equipment sales, and spectrum licensing arrangements. The company continues to invest in satellite infrastructure, having contracted for additional next-generation satellites to enhance network capacity and reliability, particularly to support expanded spectrum services for existing and potential future partners.