The satellite connectivity market is an exciting place to invest in for risk-taking investors seeking explosive growth ...

Covington-based satellite company Globalstar has announced a research and development deal with the U.S. Army and an ...

Globalstar, Inc. (GSAT) recently announced a Cooperative Research and Development Agreement (CRADA) with the U.S. Army. The ...

Satellite operator Globalstar is expanding its ground infrastructure footprint in Canada.

Globalstar, Inc. GSAT has announced definitive agreements with Telecom Castilla-La Mancha, S.A. (Telecom CLM) to significantly expand its Alcazar Teleport facility in Castilla-La Mancha, Spain. This ...

Since its founding in 1991, Globalstar has been at the forefront of connectivity. The Covington-based company now has operations around the world to provide mobile and data satellite services to ...

It appears that the partnership between Globalstar and Apple for satellite-based communications is now a reality. With the service launch planned for Q4 this year, Globalstar's revenues for 2023 ...

Globalstar's balance sheet has a few bright spots, but there are also some weaknesses. As of the end of Q3 2023, Globalstar had $64 million in cash & equivalents and $307 million in long-term debt.

Globalstar could receive up to $450 million in funding to help build the network. But even so, Globalstar says it will need to take on new debt to do the work.

Globalstar Inc. plans to merge with landline operator FiberLight LLC in a $1.65 billion combination designed to put the unprofitable satellite company on firmer footing as it chases new customers.

Globalstar had liabilities of $3.4 billion at the time of its filing in federal court in Delaware, spokesman Mac Jeffery said. He could not immediately provide an asset total.