GSAT Stock Recent News

Canadian MDA Space said on Monday that it has expanded its contract with Globalstar to develop the next generation of low Earth orbit satellites, bringing the total contract value to about C$1.1 billion ($767.19 million).

BRAMPTON, ON , Feb. 10, 2025 /PRNewswire/ - MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has signed a definitive contract with Globalstar Inc. (NYSE American: GSAT) to be the prime contractor for the satellite operator's next generation low Earth orbit (LEO) constellation, with a total contract value of approximately $1.1 billion*.

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that it intends to (i) implement the previously-disclosed reverse stock split and related charter amendments and to voluntarily transfer the listing of its common stock, par value $0.0001 per share (the “Common Stock”) from the NYSE American LLC (“NYSE American”) effective following the close of trad.

AST SpaceMobile (ASTS -11.52%) stock crashed to Earth on Wednesday, falling 9.3% through 9:55 a.m. ET, while rival satellite company Globalstar (GSAT -20.94%) lost a staggering 27% of its market cap.

Globalstar's partnership with Apple cements Globalstar as a leader in the sector. Band n53 is potentially worth $6-$13.8 billion, highlighting Globalstar's significant undervaluation compared to its current market cap. The IoT segment offers high-margin growth opportunities with minimal additional CapEx, supported by increasing demand for remote asset monitoring.

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split.

Globalstar and Peiker Holding Gmbh team up to integrate satellite-based emergency services and telematics features into vehicles.

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COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today Peiker Holding Gmbh and Globalstar have entered a strategic partnership to bring satellite-based emergency services and telematics capabilities to the automotive industry. For decades, Peiker has been a leading provider of connectivity modules for use in vehicles that enable fast and reliable data transmission on the road. Peiker tra.

GSAT's Band 53 drives mission-critical applications with CBRS carrier aggregation through a strategic partnership with other tech innovators.