Globalstar Inc. GSAT Soars 19.65% on Strong Earnings, Strategic Growth, Acquisition Speculation

The share price rose to its highest level since the start of this month today, with an intraday gain of 19.65%.

Globalstar Inc. (GSAT) has surged on back-to-back trading days, driven by a combination of strong third-quarter earnings, strategic growth initiatives, and speculation about a potential $10 billion acquisition. The company exceeded revenue and earnings per share estimates, reaffirming its 2025 revenue target of $260–$285 million. Management highlighted progress in expanding its IoT and XCOM RAN infrastructure, positioning the firm to capitalize on rising demand for satellite-based connectivity in industries like agriculture and logistics. Meanwhile, unconfirmed reports of exploration into strategic options, including a sale, have fueled investor enthusiasm, though Globalstar has not officially commented on such discussions.

The rally aligns with broader industry tailwinds in satellite communications, where demand for IoT solutions and rural connectivity is accelerating. Analysts have noted Globalstar’s competitive edge in cost-effective mobile satellite services, contrasting it with peers like Iridium and Inmarsat. However, risks remain, including reliance on key clients and the speculative nature of acquisition rumors. While the stock’s nearly 90% year-to-date gain reflects optimism about its growth trajectory, sustained momentum will depend on the execution of its strategic initiatives and the resolution of potential deal speculation. The satellite sector’s expansion, driven by 5G infrastructure gaps and IoT adoption, continues to underpin long-term investment interest in the space.