Will gsat go up today

**Globalstar (GSAT) is likely to experience an increase in its stock price today**, and here's why: 1. **Strategic Investment and Extended Services Agreement**: Globalstar's extended services agreement with Apple Inc. is a significant catalyst for the stock price. The partnership includes a new mobile satellite services (MSS) network, funding for satellite infrastructure, and a substantial equity stake for Apple in Globalstar's subsidiary. This strategic move is expected to double Globalstar's revenue. 2. **Financial Support and Debt Relief**: The agreement also includes funding for Globalstar's infrastructure and the potential for debt repayment, which could alleviate financial pressures and improve the company's financial health. 3. **Increased Network Capacity and Services**: Apple's investment will allow Globalstar to expand its network capacity and offer additional services, which could lead to increased revenue and a improved competitive position. 4. **Confidence from Analysts**: The decision by BMO Capital Markets to elevate its stock rating for MDA Space Ltd (TSX:MDA) (OTC:MDALF) from Market Perform to Outperform, with a substantial increase in the company's price target, reflects optimism about the partnership between Globalstar and Apple. This positive sentiment could influence investor confidence in Globalstar. 5. **Market Reaction to the Announcement**: Globalstar's stock traded higher after the announcement of the extended services agreement, indicating a positive market reaction to the news. In conclusion, the extended services agreement with Apple is a major catalyst for Globalstar's stock price, and the company's financial support and strategic position are likely to contribute to an increase in its stock price today.