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Globalstar Inc (GSAT) News

Globalstar Inc (GSAT)

1.95

0.07

(3.72%)

Closed December 20 4:00PM

Delayed by 15 minutes

1.98

0.03

(1.54%)

After Hours: 7:58PM

Delayed by 15 minutes

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Form 144 - Report of proposed sale of securities

Form 144 - Report of proposed sale of securities

Form 144 - Report of proposed sale of securities

Form 4 - Statement of changes in beneficial ownership of securities

Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit

Parsons Corporation (NYSE: PSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and...

FCC Issues 15-Year Renewal of Globalstar’s Blanket Mobile Earth Terminal Authorization

Renewed authorization includes continued authority to operate ancillary terrestrial networks Globalstar, Inc. (NYSE American: GSAT...

Globalstar Partner Spotter Achieves Milestone of Over 30,000 Satellite IoT Collars Deployed Across Central Asia

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) (collectively “Globalstar” or the...

Globalstar to Host Analyst & Investor Day on December 12, 2024

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology...

Globalstar Announces Plans to Transfer Its Stock Listing to Uplist on Nasdaq

The Company also announces board approval of a reverse stock split, expected to enhance trading fundamentals and increase institutional investor...

Globalstar Wins Terrestrial Authority in Mexico

10-year authorization allows expansion of terrestrial applications throughout Mexico Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the...

Globalstar Announces Participation at Deutsche Bank’s Global Space Summit

Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Dr...

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Globalstar Announces Third Quarter 2024 Financial Results

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced its financial results for the third quarter ended...

Form 8-K - Current report

Globalstar, Inc. Earnings Release and Call Notice

Globalstar, Inc. (NYSE American: GSAT) will announce its third quarter 2024 financial and operating results on Thursday, November 7, 2024 after...

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1hot toddy

1hot toddy 2 months ago

RECORD EARNINGS TOMORROW $$$$$$$$$$$$$$$$$. CO WILL DISCLOSE TON. WE SHOULD BE OVER $2 TOM ON WAY TO $5. OVER 100 SATALITES LAUNCHING NEXT YEAR

weedtrader420

weedtrader420 2 months ago

weedtrader420

weedtrader420 2 months ago

GSAT Guns N’ Roses Paradise City👊🤑💸

weedtrader420

weedtrader420 2 months ago

glenn1919

glenn1919 6 months ago

GSAT............................https://stockcharts.com/h-sc/ui?s=GSAT&p=W&b=5&g=0&id=p86431144783

hando

hando 10 months ago

Up past the blue line

hando

hando 11 months ago

GSAT up , up and away. $2.06 today. Paul Jacobs taking this stock up

cootcat

cootcat 11 months ago

Could this stock be merging with IQST ?

Monksdream

Monksdream 11 months ago

GSAT it didn’t die

LUCKY LUCCIANO

LUCKY LUCCIANO 11 months ago

GSAT is possible to up 5$. Go

hando

hando 12 months ago

Wow. GSAT up to $192, Paul Jacobs is running the show.

starman2

starman2 1 year ago

To the moon 🌙

hando

hando 1 year ago

WOW. This is where I make money. 1.39

hando

hando 1 year ago

GSAT Files to sell 3.5 million shares.

hando

hando 1 year ago

GSAT Moved up 5 pennies to $1.50. Paul Jacobs will bring this up.

hando

hando 1 year ago

WOW Picked up some cheap shares. 2000 to start. This stock will never see a dollar.
Paul Jacobs is a specialist. And has connections.

hando

hando 1 year ago

WOW. This is a goldmine waiting to happen. I will pay the premium .50 pennies in OS. Erwin and Paul and Q. Nice

StockLogistics

StockLogistics 2 years ago

Mixed shelf filed after earnings miss, this will go below 1.00 and then a R/S in time to fix the O/S, way too many shares, all imo

Woody54

Woody54 2 years ago

I was educated to the extent of their corruptive power the day the Apple news broke. Brokerages had millions on 1.6x calls the next day. Never in a million years did I believe they could stop and then reverse that locomotive in a mere 2 hours....but the bastards did. The weekly calls have been a choke collar to shareholders and cash machine to bookies...(I mean brokers) for far too long. The weekly calls end on 11/04. With one more on 11/18.

It Is Not the tech, CEO, balance sheet, nor GSAT debt.... Nor is it lack of PR as we have had an avalanche of positives and catalysts each day since the Apple announcement.

What has held the shareprice where it is simply greed.

Woody54

Woody54 2 years ago

jimmy667

jimmy667 2 years ago

Definately. It will take a combination of all to meet demand.

BottomBounce

BottomBounce 2 years ago

$MULN Has $ 60.93M in cash

carusso

carusso 2 years ago

It’s mostly failures and jackasses who do reverse splits, with few exceptions.

StockLogistics

StockLogistics 2 years ago

“It will require Globalstar to allocate 85% of its "current and future network capacity" to support the service,”

With projections of 300 million revenue by 2026 at 1.8 billion OS do the math, basically no current way to grow the company if 85% is allocated to Apple, and no phone call ability, just texts. Cool if it works but 300/1800 is not 10 dollars a share imo, 1.8 billion revenue at 300 million OS might get it there. GSAT should take out a huge billion dollar loan and use half of it to buy another company, then do a reverse split, then dilute the stock down to 1’again, take that money and buy another company to create two more revenue streams. Banks would likely provide major loans to them for acquisitions now that Apple basically backing them. Apple is keeping them afloat with the deal, more would be required to grow the SP imo, hence the mention of Goldman Sacs to raise funds for them.

Glider549

Glider549 2 years ago

Im betting on both.
Personally, I far prefer fuel cell, especially for delivery trucks, school buses, etc.
I'll keep gas for my motorcycles, truck and Civic.

jimmy667

jimmy667 2 years ago

welcome. I followed you which I do not do often because I looked through your posts and saw you posting on some stocks I have been in for over 20 years like Plug Power and Fuel Cell. wow was I way to early on those. I had thought in 2000 that most cars or many cars would be hydrogen fuel cell powered by 2010. Instead they are pushing litium battery powered cars which are an ecological disaster or will be soon.

Glider549

Glider549 2 years ago

jimmy667

jimmy667 2 years ago

GSAT is a well backed company with some big institutional investors. It has a over $3 billion market cap. Which makes it a small to mid cap company not a penny stock. It is a new player compared to the other communication satellite company. Therefore it has the most debt as it is in start up mode. It also means it has the latest and best technology as well as the newest satellites. It plans to be the major player in The Internet of Things (the major future evolution of the internet) connecting things like ships at sea, remote cell towers and major industrial installations. They most importantly OWN the radio spectrum the Qualcomm built in connection to its latest communications chip. This Qualcomm chip is in the iPhone 14. Apple is paying for 90% of the new satellites that will be launched and GSAT only 10%. This should add some debt to GSAT but only 10% of the costs of this tremendously valuable asset on the cutting edge of IoT. GSAT is setting up to be the major player in Satellite Communications and IoTs. This requires debt but Apple is paying 90% of the cost. This is an incredible deal for GSAT they are in effect partnered with Apple and Qualcomm. This might also signal Apple and Qualcomm are moving in on IoT heavier. This might not be about satellite phone connection at all but about Industrial connections to the IoT. GSAT owns the Real Estate here on this very important spectrum. It is the spectrum that Qualcomm and Apple chose so they are in effect tenants of the Real Estate GSAT owns and Apple is paying 90% of the costs to the improvements of the Real Estate so it fits Apple's purpose. It looks like GSAT Apple and Qualcomm are is stealth mode until they can capture the most important
future market share of IoT.
This looks to be a long term investment that might turn into a monstrously profitable enterprize.. It also bodes well for Qualcomm and Apple to establish a major position in IoT.

Glider549

Glider549 2 years ago

So who is this penny stock Apple is dealing with?

StockLogistics

StockLogistics 2 years ago

The fact that Globalstsr didn’t get paid billions up front to dedicate their satellites to Apple shows that Apple didn’t care about this tech, doesn’t respect it and could have waited or gone with another company easily, asking GSAT to raise money via Goldman is embarrassing for Apple, for a Trillion dollar company to ask that makes Apple look terrible, the GSAT Shareprice should have graduated to major stock having a deal with Apple, and yet it’s under 2 dollars, Apple is dealing with a penny stock for its Satellites, laughable, SP will decrease on fundraising news and on that rumor until it is completed imo.

StockLogistics

StockLogistics 2 years ago

Is this a 20 billion dollar company? No because Apple screwed them over by not paying them billions up front, every GSAT shareholder should get 1 Apple share as a dividend.

StockLogistics

StockLogistics 2 years ago

And GSAT estimates that those fees (revenue) will top out in 2023 at 230 million dollars, not 230 billion dollars. 230 million revenue at 1.8 billion OS is not getting to 10 dollars a share, this isn’t a 20 billion dollar company and the multiple isn’t 100:1.

StockLogistics

StockLogistics 2 years ago

10 dollars a share x 1.8 billion OS is almost a 20 billion dollar company, nope, not at 230 mill revenue a year and new satellites not due till 2026, P/E ratio would have to be 100:1, shareholders got screwed over by the us deal because GSAT had stars in its eyes when talking to Apple’s negotiators who could have used anybody, Shame on Apple too. Should have been an upfront licensing payment of 10 billion to GSAT or no deal. Apple has the money, drop in the bucket their shareholders wouldn’t have cared they wanted the tech. Apple embarrassed itself leaving GSAT as a penny stock makes Apple look bad. Apple making GSAT raise funds ? What a joke. Trillion dollar Apple taking advantage of a small company, shareholders as of the date of the deal should sue Apple for 10 billion to be distributed to shareholders as of that record date. By the way, that is only an 5 to 13 per share dividend.

StockLogistics

StockLogistics 2 years ago

What percentage of its services have been allocated to Apple, it has to build new satellites and those won’t go into the sky until 2026, 1.09 prior to November, share offering or loan pending soon as per their requirement to raise funds

BottomBounce

BottomBounce 2 years ago

$GSAT Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.

BottomBounce

BottomBounce 2 years ago

BottomBounce

BottomBounce 2 years ago

Penny chatter

Penny chatter 2 years ago

weedtrader420

weedtrader420 2 years ago

WOOHOOOOOO WOOHOOOOOO GSAT $10 TARGET PRICE

StockLogistics

StockLogistics 2 years ago

Bad news, 5/12/2022 close at 1.09 is a gap, fundraising via Goldman Sacs should take it there prior to November, with everything dedicated to Apple what other partnerships could they have in the near term, from 1.00 to 8.00 after that gap fills all imo.

BottomBounce

BottomBounce 2 years ago

$GSAT Globalstar Shares Recently Seen Volume After $GOOG $GOOGL Google SVP Says Co Working On Connecting Phones To Satellites

BottomBounce

BottomBounce 2 years ago

As part of its iPhone 14 release event, Apple $AAPL said "it was introducing an emergency service that would let users send SOS messages via satellite while outside the reach of cellular and Wi-Fi connections," by Globalstar NYSE: $GSAT

BottomBounce

BottomBounce 2 years ago

$AAPL Apple's iPhone 14 event could herald new satellite era ( $GSAT ) for smartphones https://www.marketwatch.com/story/apples-iphone-14-event-could-herald-new-satellite-era-for-smartphones-11662557169

BottomBounce

BottomBounce 2 years ago

$AAPL Apple Will Pay Fees To Globalstar $GSAT Under Partnership Agreements, Including Recurring Service Fee, Payments Relating To Certain Service-Related Operating Expenses And Capital Expenditures, And Potential Bonus Payments

BottomBounce

BottomBounce 2 years ago

12-month price forecasts for Globalstar Inc have a median target of 3.25, with a high estimate of 3.25 and a low estimate of 3.25. The median estimate represents a +97.57% increase from the last price of 1.65. $GSAT https://money.cnn.com/quote/forecast/forecast.html?symb=gsat

BottomBounce

BottomBounce 2 years ago

$GSAT announced it will be the satellite operator for Apple $AAPL satellite-enabled services.

BreezeWoodAcres

BreezeWoodAcres 2 years ago

Looking like a big shirt to start out this morning. Have to be below options for Friday. What a scam. All IMHO

Amrsto1000

Amrsto1000 2 years ago

Kind of funny you say that because I did the same thing with options just a few hundred dollars. Which ones did you buy? I bought the 250 calls just a week away. 11 cents

Penny chatter

Penny chatter 2 years ago

Globalstar expects that its business strategy will allow it to generate reliable cash flow with substantial growth potential and greater profitability. Including the Partnership Agreements and excluding terrestrial spectrum, the Company expects its total revenue for the year ended December 31, 2023 to range between $185 million to $230 million, depending in part upon the Company’s achievement of certain performance and other targets under the Partnership Agreements, generating an EBITDA margin of approximately 55%. The Company expects these financial metrics to continue to improve significantly by 2026, which is expected to be the first full year in which the new satellites are operational, with total revenue expected to increase by approximately 35% compared to the 2023 forecast driven primarily by revenue growth under the Partnership Agreements.

Penny chatter

Penny chatter 2 years ago

https://twitter.com/GregtheNorth/status/1567634491778146308?t=8j2P_S8ub80vdOkdWsa-rg&s=19

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