Globalstar (GSAT) — Expanding Reach in the Satellite IoT MarketCompany Overview:
Globalstar, Inc. NASDAQ:GSAT is a leading satellite communications provider, offering mobile voice, data, and IoT services through its low-Earth orbit (LEO) satellite network. The company continues to build a strong position in the fast-growing global connectivity and IoT space.
Key Catalysts:
IoT Innovation: Launch of the RM200M two-way IoT module (Oct 21, 2025) strengthened GSAT’s position in the $4.9B satellite IoT market projected by 2030, triggering a 4.1% stock increase post-announcement.
Infrastructure Expansion: New ground stations in Alaska and a $9M Estonian expansion enhance global coverage and scalability, especially for IoT and direct-to-device solutions.
Revenue Visibility: Long-term contracts totaling $60M, including a major partnership powering Apple’s iPhone SOS feature, ensure steady cash flow and strategic market relevance.
Investment Outlook:
Bullish above: $38.00–$39.00
Upside target: $67.00–$68.00, driven by IoT growth, network expansion, and strong enterprise partnerships.
📢 GSAT — Leveraging LEO technology to power the next wave of global IoT and connectivity.
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