Globalstar Inc Dossier
Qualitative Analysis
Business overview
Globalstar, Inc. (NASDAQ: GSAT) is a leading provider of mobile satellite services (MSS) and terrestrial spectrum solutions. The company operates a low Earth orbit (LEO) satellite constellation to deliver voice, data, and Internet of Things (IoT) connectivity to commercial, government, and consumer markets globally. A defining pillar of Globalstar's business model is its wholesale capacity arrangement with Apple Inc., which utilizes approximately 85% of its network capacity to power emergency satellite messaging features on iPhones. Additionally, Globalstar leverages its proprietary Band 53 spectrum to deploy private 5G and terrestrial wireless network solutions.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Procurement and deployment of second-generation and third-generation satellites in partnership with MDA Space and SpaceX to support the Extended MSS Network.
Expected impact: Significantly upgrades satellite constellation capacity, reliability, and direct-to-device capabilities.
Expanding the Commercial IoT portfolio, highlighted by the commercial rollout of the RM200M two-way satellite IoT module.
Expected impact: Expands addressable markets, increases average subscriber base, and improves Average Revenue Per User (ARPU).
Global expansion of ground station network, including construction and upgrades of tracking antennas across North America, Europe, and Asia.
Expected impact: Strengthens network capacity, redundancy, and readiness for the next-generation constellation.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Amazon will acquire Globalstar to integrate its L-band spectrum, satellite operations, and direct-to-device (D2D) capabilities into Amazon's low Earth orbit satellite network, enabling D2D services and competing with SpaceX's Starlink.
Financial impact: Globalstar stockholders will elect to receive either $90.00 in cash or 0.3210 shares of Amazon common stock, capped at $90.00 per share.
Strategic Partnerships
High. Apple is Globalstar's primary customer, responsible for 63% of total revenue in 2025. The partnership powers Apple's Emergency SOS and satellite messaging services.
Terms: Apple committed to a $1.5 billion investment in late 2024, including $1.1 billion in infrastructure prepayments and a $400 million passive 20% equity stake.
High. MDA Space is the primary contractor constructing Globalstar's second-generation and third-generation satellites.
Terms: Procurement agreements for satellites to support the Extended MSS Network.
Medium. SpaceX provides launch services for Globalstar's replacement and third-generation satellites.
Terms: Launch Services Agreements entered in August 2023, October 2024, and June 2025.