Globalstar, Inc. (NASDAQ: GSAT) is back in motion on Monday, December 22, 2025, with the satellite-and-spectrum name seeing a notable bounce after a choppy mid-December pullback.
As of the latest available trading data, GSAT was trading around the mid-$60s per share, up roughly 6%–7% on the day, after moving between the low-$60s and upper-$60s intraday. [1]
That pop isn’t happening in a vacuum. Over the past several weeks, Globalstar has stacked up a headline cocktail that investors love and fear in equal measure: Apple-linked satellite connectivity, private 5G ambitions using Band n53, fresh analyst coverage and price targets, and lingering “strategic alternatives” chatter that pulled SpaceX into the rumor orbit.
Below is a comprehensive, up-to-date look at Globalstar stock news, forecasts, and analysis as of 22.12.2025, including what’s driving the volatility and what could matter next.
GSAT stock today: a rebound after a volatile December slide
Today’s move follows a sharp drawdown earlier in the month. GSAT hit a December high in the mid-$70s and then sold off hard into mid-month before stabilizing and turning higher again. [2]
A quick snapshot of the recent tape shows how dramatic the swings have been:
- GSAT traded in the $70s earlier in December before sliding into the high-$50s in the Dec. 16–18 window. [3]
- The stock then recovered back above $60 and is now pushing higher again on Dec. 22. [4]
Market commentary explaining today’s rise points mainly to momentum and positioning after the recent selloff, rather than a single new, company-specific catalyst dropping this morning. [5]
The biggest near-term catalyst: Globalstar + Skydio validate Band n53 and XCOM RAN
One of the most concrete, company-driven headlines this month came on December 16, 2025, when Globalstar announced a joint technology trial with Skydio, a major U.S. drone maker.
Globalstar said the companies successfully validated compatibility between:
- the Skydio X10 drone platform,
- Globalstar’s licensed Band n53 spectrum, and
- Globalstar’s XCOM RAN private 5G platform (positioned for deterministic, high-uplink performance). [6]
Why that matters for investors: Globalstar is trying to be more than “the Apple satellite pipe.” Band n53 and XCOM RAN are part of a narrative that GSAT could monetize a terrestrial/private-network opportunity (think logistics, industrial automation, public safety, and now drones) alongside its satellite business. [7]
Still, the market reaction around that press release wasn’t purely bullish. Several market takes argued that selling pressure (including insider selling headlines) overwhelmed the good-news effect in the following sessions. [8]
The Apple factor: why Globalstar remains central to “satellite on your phone”
Globalstar’s highest-profile relationship remains its partnership with Apple’s satellite features on iPhone.
Apple’s own support documentation explicitly states that, with iPhone 14 or later, Apple provides satellite features “in partnership with Globalstar” for emergency services, roadside assistance, messaging, and location sharing (availability varies by region). [9]
The money and the contract structure (what the filings say)
The most important “hard source” on the economics is Globalstar’s SEC filing describing expanded agreements with Apple and the buildout of a new mobile satellite services network (“Extended MSS Network”).
Key points from the filing include:
- Apple agreed to an infrastructure prepayment of up to $1.1 billion (funded over the construction period). [10]
- Apple also agreed to purchase $400 million of units in a Globalstar special-purpose entity, representing a 20% equity interest. [11]
- Globalstar disclosed it would continue allocating 85% of its network capacity to provide satellite services to Apple across existing and new satellites, while using remaining capacity for other customers. [12]
- The same filing also describes funding used for retiring Globalstar’s 13% senior notes (debt repayment at closing), which is one reason different headlines sometimes cite different “all-in” totals for the Apple package. [13]
Reuters’ reporting on the Apple-Globalstar expansion highlighted the widely repeated headline figure that Apple would invest up to $1.5 billion to expand iPhone satellite services. [14]
The investor takeaway is straightforward: Globalstar’s Apple-linked revenue stream is meaningful, but it also raises the classic question of customer concentration—a theme that becomes even more important if GSAT pursues additional capital-intensive constellation and ground upgrades.
Sale speculation: SpaceX enters the Globalstar rumor ecosystem
Globalstar’s stock doesn’t move like a slow-and-steady telecom utility. It moves like a company with optionality—and nothing screams “optionality” like buyout chatter.
On October 30, 2025, Reuters reported that Globalstar was exploring a potential sale and had held early discussions with SpaceX, citing a Bloomberg report and people familiar with the matter. Reuters also noted GSAT shares surged on the headline and that Globalstar had engaged an investment bank to assist, while no final decision had been made on pursuing a sale. [15]
Another Reuters-referenced item circulating through market feeds cited a report that Globalstar’s chair discussed selling the company for over $10 billion (attributed to The Information). [16]
Important nuance for readers: this is not a confirmed transaction, and “strategic alternatives” processes can end with “we decided to stay independent.” But for GSAT holders, it helps explain why the stock can gap up (or down) violently on headlines.
Fundamentals check: record Q3 revenue and reiterated 2025 guidance
Beyond the storyline catalysts, Globalstar has also delivered solid top-line numbers.
In its third-quarter 2025 financial results release, Globalstar reported:
- Revenue of $73.8 million (a record high), including $69.6 million in service revenue and $4.2 million from subscriber equipment sales. [17]
- Income from operations of $10.2 million in Q3 2025. [18]
- Net income of $1.1 million for the quarter (down versus the prior year’s quarter largely due to non-cash items and interest-related impacts, per the company). [19]
- Adjusted EBITDA of $37.6 million in Q3 2025 (as presented in the release). [20]
Just as notable: Globalstar reiterated its full-year 2025 outlook, guiding to:
- Total revenue between $260 million and $285 million, and
- Adjusted EBITDA margin of approximately 50%. [21]
The company also disclosed debt outstanding of $418.7 million as of Sept. 30, 2025. [22]
Infrastructure expansion: from Alaska to Brazil, Globalstar is building ground capacity
A recurring theme in Globalstar’s 2025 news flow is ground infrastructure buildout, tied to its next-generation network roadmap.
Examples include:
- Alaska ground station expansion: Globalstar announced new ground station equipment in Talkeetna and an expansion in Wasilla, adding multiple new 6-meter tracking antennas to support its third-generation C-3 mobile satellite system and improve redundancy in a region that’s basically a real-world stress test for connectivity. [23]
- Brazil ground infrastructure upgrade: market summaries and company-distributed materials describe installation of eight new C-3 tracking antennas across four locations in Brazil, positioned as part of a broader global rollout of ground infrastructure to support next-generation services. [24]
- ITU pledge milestone: on Nov. 18, Globalstar said it had surpassed 50% of its $2 billion pledge to the ITU Partner2Connect initiative, with over $1 billion invested to expand space and ground infrastructure, and construction projects announced at multiple sites globally. [25]
For investors, these projects reinforce both sides of the GSAT debate:
- Bull case: infrastructure spend supports new capacity and new revenue streams.
- Bear case: infrastructure spend is expensive, execution-sensitive, and can pressure cash flows if timelines slip.
Analyst forecasts and price targets: where Wall Street sees GSAT going
By late December 2025, GSAT had a mix of bullish and cautious takes from the Street.
New coverage: Deutsche Bank initiates at Hold
Deutsche Bank initiated coverage with a Hold rating and a $62 price target (published Dec. 16, 2025), a stance that implicitly suggests limited upside versus where GSAT traded earlier in the month. [26]
The bullish end: B. Riley hikes target to $75
B. Riley raised its price target to $75 from $60 and maintained a Buy rating, pointing to Globalstar’s Q3 revenue and EBITDA coming in ahead of consensus and noting ongoing strategic-alternatives speculation in the market conversation. [27]
Consensus range: roughly $60 to $75, with mid-$60s as a common midpoint
A widely circulated set of targets shows:
- High: $75
- Median: $64
- Low: $60
- Average: $65.75 [28]
Investing.com’s consensus estimate similarly points to an average target in the mid-$60s, with a high estimate of $75 and low of $60. [29]
What this means in plain English: GSAT is trading close to where many analysts already think “fair value” sits, which tends to increase the importance of the next catalyst (a major contract, a deal update, or a meaningful acceleration in new revenue streams).
The “valuation vs. story” debate: analysts and models don’t fully agree
The push-and-pull around GSAT right now is less about “is satellite connectivity real?” and more about how much of the future is already priced in.
- A Simply Wall St analysis in early December highlighted that the stock’s sharp rise looked out of sync with revenue trends, implying valuation risk if growth doesn’t accelerate fast enough to justify the move. [30]
- More tactical commentary has also linked sharp daily moves to a mix of news flow and positioning (including attention to insider transactions). [31]
You’ll also see a parallel universe of purely technical or quant-style forecasts (some extremely bullish, some more conservative). These can be useful as sentiment indicators, but they should not be confused with company guidance or fundamental research. [32]
What to watch next for Globalstar stock
As of Dec. 22, 2025, GSAT’s near-term direction likely hinges on a few high-impact variables:
- Any update to the “strategic alternatives” story
The Reuters report makes clear a sale is not decided—yet the market is treating the possibility as real optionality. [33] - Execution on Apple-linked network expansion
The SEC filing spells out the structure and capacity commitments. The key investor question is whether the expansion translates into durable, scalable economics—and what that means for non-Apple capacity. [34] - Proof that XCOM RAN/Band n53 can become a real business line
Skydio is a compelling validation story. The market will want to see repeatability: more trials, more customers, and ultimately revenue visibility. [35] - Guidance delivery and capital intensity
The company reiterated 2025 revenue guidance of $260M–$285M and ~50% adjusted EBITDA margin—great on paper, but investors will keep pressure-testing cash needs against the scale of planned infrastructure. [36] - Competitive pressure in direct-to-device connectivity
The broader satellite-to-phone market is heating up fast, with heavyweight ecosystems (and competing partnerships) trying to define the standard. Apple’s documentation alone references multiple ways iPhone can use satellites (including carrier partnerships), which hints at how dynamic this landscape has become. [37]
Bottom line
Globalstar stock is higher on Dec. 22, 2025, but the more important story is why GSAT has become a high-volatility battleground stock in the first place.
GSAT sits at the intersection of:
- a real, documented Apple satellite partnership and funding structure, [38]
- aggressive infrastructure buildout and next-gen network plans, [39]
- early signs of diversification via Band n53/XCOM RAN use cases, [40]
- and takeover speculation that can reprice the stock in a single afternoon. [41]
For investors and readers tracking “Globalstar stock news” and “GSAT forecast” into year-end, the key is to separate confirmed facts (filings, guidance, contracts) from narratives (buyout chatter, technical targets, speculative TAM models)—because GSAT trades on both, and it doesn’t always tell you which one is driving the wheel on any given day.
References
1. stockanalysis.com, 2. stockanalysis.com, 3. stockanalysis.com, 4. stockanalysis.com, 5. www.aaii.com, 6. www.businesswire.com, 7. www.businesswire.com, 8. www.trefis.com, 9. support.apple.com, 10. www.sec.gov, 11. www.sec.gov, 12. www.sec.gov, 13. www.sec.gov, 14. www.reuters.com, 15. www.reuters.com, 16. www.tradingview.com, 17. www.businesswire.com, 18. www.businesswire.com, 19. www.businesswire.com, 20. www.businesswire.com, 21. www.businesswire.com, 22. www.businesswire.com, 23. www.businesswire.com, 24. www.stocktitan.net, 25. www.businesswire.com, 26. www.investing.com, 27. www.tipranks.com, 28. www.wsj.com, 29. www.investing.com, 30. simplywall.st, 31. www.trefis.com, 32. stockinvest.us, 33. www.reuters.com, 34. www.sec.gov, 35. www.businesswire.com, 36. www.businesswire.com, 37. support.apple.com, 38. www.sec.gov, 39. www.businesswire.com, 40. www.businesswire.com, 41. www.reuters.com
