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.