Why Globalstar (GSAT) Stock Is Trading Up Today

What Happened?

Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 3% in the afternoon session after the company announced plans to bring its HIBLEO-XL-1 satellite system into use to prepare for its next era of mobile satellite connectivity. 

This new system, filed through France, represents a significant expansion of the company's capabilities, including additional satellites, orbital shells, and new frequency bands beyond its currently licensed spectrum. CEO Dr. Paul Jacobs stated the move provides Globalstar with "significant optionality as the Company grows as a major provider of connectivity in the global space economy that is expected to reach $1.8 trillion by 2035." This initiative builds on a previously announced $1.5 billion investment in a third-generation system, C-3, underscoring the company's strategy to enhance its global services and improve user experience through more powerful satellite technology.

After the initial pop the shares cooled down to $30.91, up 3.2% from previous close.

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What Is The Market Telling Us

Globalstar’s shares are extremely volatile and have had 39 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 7 days ago when the stock gained 17.8% on the news that the company announced a significant expansion of its global ground infrastructure to support its next-generation mobile satellite network. 

The telecommunications provider is adding new gateway infrastructure at its ground station in Greece, effectively doubling the size of the facility. This project is part of a substantial global expansion designed to support its third-generation C-3 mobile satellite system, which will include up to 90 new tracking antennas across approximately 35 gateways worldwide. The company stated this represents a significant investment in the network's functionality and capacity, aiming to provide next-generation services to hundreds of millions of people globally. Investors are likely reacting positively to this step forward in enhancing Globalstar's satellite network capabilities.

Globalstar is down 2.8% since the beginning of the year, and at $30.91 per share, it is trading 18.5% below its 52-week high of $37.94 from September 2025. Investors who bought $1,000 worth of Globalstar’s shares 5 years ago would now be looking at an investment worth $6,640.

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