Globalstar, Inc. (GSAT) Stock Analysis
Oversold Bounce setup
Communication Services · Telecom Services
Sell if holding. Analyst target reached at $79.90 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Apple Inc. (63.0%).
Globalstar provides mobile satellite services — Commercial IoT, SPOT tracking, and duplex voice/data — over a LEO constellation and global ground gateways for retail, business, and government customers, while also providing wholesale satellite capacity to Apple Inc., which... Read more
Sell if holding. Analyst target reached at $79.90 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Apple Inc. (63.0%). Chart setup: Oversold RSI 28, near Bollinger lower, volume surge. Score 4.9/10, high confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 51d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Globalstar, Inc.
About Globalstar, Inc.
Globalstar's licensed spectrum covers 12 countries with approximately 12.0 billion MHz-POPs of terrestrial spectrum authority, with Band 53/n53 designated by 3GPP for terrestrial broadband applications. The company serves approximately 791,000 MSS subscribers worldwide through Commercial IoT, SPOT tracking, and duplex voice/data services on its LEO satellite constellation; Apple Inc. accounted for 63% of total revenue in 2025 as the firm's single wholesale satellite capacity customer under the Updated Services Agreements.
Globalstar monetizes its satellite network through four service lines. Commercial IoT provides one-way and two-way data services for asset tracking and monitoring across government, transportation, construction, and agriculture sectors; the RM200M two-way IoT module, launched in October 2025, extends into industrial IoT applications. SPOT consumer products — Gen4, SPOT X, and SPOT Trace — sell through retailers including Amazon, Bass Pro Shops, REI, and Cabela's as well as direct e-commerce. Duplex voice and data services serve mobile users in remote regions. The largest revenue stream comes from the Updated Services Agreements with Apple Inc.: Globalstar retains 15% of its network capacity for its own subscriber base while allocating the remainder to support Apple's direct-to-cellular feature in cellular-enabled devices. Payments include a fixed service fee, fees tied to service-related capex and operating expenses, and potential bonus payments contingent on licensing and service criteria. Competitors include Iridium, Thuraya, Viasat (through Inmarsat), and SpaceX's Starlink direct-to-cellular offering.
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The Updated Services Agreements, which Apple may terminate at any time upon advance notice, contain milestone obligations that expose Globalstar to launch-timing risk. Delivery delays for the 17 replacement satellites from MDA Space have already pushed the first launch into the first half of 2026, with a second launch expected in the second half of 2026. Globalstar also contracted with MDA Space in February 2025 for more than 50 third-generation C-3 System satellites for the Extended MSS Network, with SpaceX launch agreements signed in October 2024 and an FCC market-access petition filed in February 2025 and accepted for public comment.
See also: Communication Services · Telecom Services
From Globalstar, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-17Recent Developments — Globalstar, Inc.
Latest news
- NEWS Globalstar Announces That The Planned May 17 Launch Of Its Hibleo-4 Replenishment Satellites With SpaceX Has Been Postpo — benzinga May 15, 2026 negative
- NEWS Globalstar Announces Launch Of HIBLEO-4 Replenishment Satellites On SpaceX's Falcon 9 Rocket On May 17 — benzinga May 12, 2026 positive
- NEWS Globalstar Q1 EPS $(0.16) Misses $(0.12) Estimate, Sales $70.064M Miss $70.998M Estimate — benzinga May 7, 2026 negative
- NEWS Consumer Tech News (April 13-17): Amazon Buys Globalstar, Snap Cuts Jobs & More — benzinga Apr 19, 2026 positive
- NEWS Deal Dispatch: Amazon Buys Globalstar, Instacart Grabs Instaleap, QVC Announces Bankruptcy — benzinga Apr 17, 2026 positive
Generated 2026-06-17T10:41:47Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerApple Inc.63%10-K Item 1: 'We provide certain services to Apple Inc. (the "Customer") ... responsible for 63%, 58%, and 49%, respectively, of our total revenue'
- MEDIUMSupplierlimited number of key suppliers10-K Item 1A: 'We are materially reliant on a limited number of key suppliers'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $79.90 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: Apple Inc. (63.0%). Chart setup: Oversold RSI 28, near Bollinger lower, volume surge. Prior stop was $77.11. Score 4.9/10, high confidence.
Take-profit target: $83.00 (+4.1% upside). Prior stop was $77.11. Stop-loss: $77.11.
Concentration risk — Customer: Apple Inc. (63.0%); Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.6): -1.0.
Globalstar, Inc. trades at a P/E of N/A (forward 267.0). TrendMatrix value score: 3.5/10. Verdict: Sell.
10 analysts cover GSAT with a consensus score of 3.9/5. Average price target: $90.
What does Globalstar, Inc. do?Globalstar provides mobile satellite services — Commercial IoT, SPOT tracking, and duplex voice/data — over a LEO...
Globalstar provides mobile satellite services — Commercial IoT, SPOT tracking, and duplex voice/data — over a LEO constellation and global ground gateways for retail, business, and government customers, while also providing wholesale satellite capacity to Apple Inc., which accounted for 63% of total revenue in 2025. The company holds terrestrial spectrum licenses across 12 countries totaling approximately 12.0 billion MHz-POPs as of December 31, 2025.