Globalstar, Inc. (NASDAQ: GSAT) is having one of those “welcome to modern markets” weeks: a red-hot rally meets a sharp pullback, and investors are left sorting signal from noise.
As of December 18, 2025, GSAT most recently traded around $56.91, after a steep ~10.6% drop in the prior session—an abrupt reversal after a powerful multi-month run. [1]
The catalyst lighting up headlines today isn’t a disastrous earnings miss or a broken satellite. It’s a mix of (1) insider-sale optics and (2) fresh evidence that Globalstar’s licensed spectrum strategy—especially Band n53 and its XCOM RAN private 5G platform—may be moving from “interesting idea” toward “commercial story.” [2]
Below is what’s driving Globalstar stock right now, what analysts are saying, and what investors are watching next.
GSAT Stock Pulls Back Hard: What Happened?
Globalstar shares fell sharply to about $56.91, a move accompanied by elevated trading attention across market-news feeds. [3]
A key headline driver: a Form 4 filing showing Globalstar CFO Rebecca Clary sold shares. That kind of headline often triggers reflexive selling—especially after a big run—because markets tend to treat insider selling as a “confidence” signal, even when the reality is more mundane.
Here’s the important nuance many traders miss in the first 30 seconds:
The SEC Form 4 explains the sales were tied to a mandatory sell-to-cover program to handle taxes due upon the vesting of a performance share award. In other words, the filing explicitly frames the sales as administrative/withholding-driven, not necessarily a discretionary “I’m bailing out” move. [4]
What the filing shows (key points):
- Shares acquired through vesting: 9,524 (transaction date 12/16/2025) [5]
- Shares sold (multiple transactions on 12/17/2025): 3,529, 800, and 500 [6]
- Explanation: shares sold to cover taxes under a mandatory sell-to-cover program [7]
Separately, Reuters/Refinitiv-linked market notes also flagged a related Form 144 filing about the proposed sale of 4,829 shares, which added fuel to the “insider sale” narrative in headlines. [8]
MarketBeat’s roundup framed the day as a major pullback amid that insider-selling backdrop and cited the same transaction size and timing. [9]
The Bull Case Catalyst in This Week’s News: Skydio + Band n53 + XCOM RAN
While the stock was sliding on insider-sale optics, Globalstar simultaneously put out news that speaks directly to its longer-term thesis: licensed spectrum + private 5G + mission-critical uplink performance.
On December 16, 2025, Globalstar announced it completed a joint technology trial with Skydio—a major U.S. drone manufacturer—validating drone operations using Globalstar’s licensed Band n53 and the company’s XCOM RAN private 5G platform, positioned for public safety and other demanding use cases. [10]
Why this matters (in plain English):
- Drones (especially for public safety, inspection, and enterprise) need reliable connectivity for command and control + video uplink.
- Globalstar is pitching Band n53 as a licensed, predictable alternative to congested Wi‑Fi or variable public cellular conditions.
- If trials become deployments, GSAT isn’t just “a satellite company”—it becomes a licensed-spectrum connectivity platform with a clearer path to higher-value contracts.
The press release states the trial evaluated Band n53 and XCOM RAN as a “high-performance alternative” to Wi‑Fi or public cellular, emphasizing deterministic performance and uplink throughput. [11]
Skydio’s CTO highlighted how quickly integration happened using an existing module within Globalstar’s ecosystem, enabling rapid real-world testing. [12]
Globalstar CEO Dr. Paul E. Jacobs positioned the result as validation of Band n53 + XCOM RAN for “high performance uplink applications like autonomous drones,” explicitly tied to first responder needs. [13]
Simply Wall St’s analysis (dated December 18, 2025) echoes that framing: the drone trial underscores how Globalstar’s exclusive Band n53 rights and private 5G capabilities could make it an enabler of reliable connectivity in demanding public safety and enterprise settings—while also stressing the bigger challenge is turning trials into recurring contracts. [14]
Analyst Coverage: Deutsche Bank Initiates GSAT at Hold, Flags Valuation
As GSAT’s story has gotten louder, Wall Street coverage is starting to sharpen.
On December 16, 2025, Investing.com reported that Deutsche Bank initiated Globalstar at “Hold” with a $62 price target. [15]
According to that report, the Deutsche Bank note:
- Focused on Globalstar’s position in satcom and its strategic shift toward wholesale capacity, including its role as Apple’s direct-to-device network operator [16]
- Highlighted the stock’s explosive run (Investing.com cited InvestingPro data showing very large returns over six months and one year) [17]
- Characterized risk/reward as “mostly balanced,” using a probability-weighted scenario framework [18]
- Flagged valuation concerns (high multiples; “overvalued” vs certain fair value frameworks; RSI overbought language also appears in the report) [19]
The timing matters: a “Hold” initiation after a big surge can act like a bucket of cold water for momentum traders—especially when the stock is already wobbling.
Forecasts and Price Targets: Why Estimates Differ (and What They Cluster Around)
If you’re looking for a single neat “GSAT price target,” prepare for disappointment. Targets vary by source and analyst set.
Two widely tracked summaries cited today put consensus in roughly the high-$60s neighborhood:
- MarketBeat reports a consensus “Hold” rating and a consensus target price around $68.50, while also listing recent commentary including Deutsche Bank’s $62 and B. Riley’s higher target. [20]
- Alpha Spread shows an average 1‑year analyst price target around $68.34, with a range that runs roughly from low $60s to high $70s. [21]
Why you see different “consensus” numbers:
- Different platforms track different analyst rosters (some include older targets, some exclude inactive coverage).
- Some weight targets by recency; others do a simple average.
The practical takeaway: the Street is not uniformly bearish or bullish here—more like cautiously constructive, but wary of valuation after the surge. [22]
The Context Investors Keep Coming Back To: GSAT Just Tagged a 52-Week High Last Week
It’s hard to overstate how much “path” matters in a momentum-driven tape.
Investing.com reported that Globalstar hit a 52‑week high of $72.92 on December 11, 2025. [23]
That’s a key psychological anchor. When a stock rockets to a fresh high and then retreats fast, the market starts asking:
- Was that a blow-off top?
- Or a normal pullback inside a new, higher trading range?
This is exactly the kind of setup where insider-sale headlines can disproportionately move price—because traders are already twitchy.
Fundamentals Check: What Globalstar Last Reported (Q3 2025)
Even if you’re trading the tape, fundamentals matter because they determine whether dips get bought or sold.
In its third-quarter 2025 report (released Nov. 6, 2025), Globalstar said it posted:
- Revenue of $73.8 million (record high for the quarter), driven by higher wholesale capacity services and subscriber equipment sales [24]
- 2025 revenue guidance reaffirmed at $260 million to $285 million, with an Adjusted EBITDA margin expected around 50% [25]
The release also emphasized ongoing investment in next-generation infrastructure, including:
- Development of the Extended MSS Network and preparation for the third-generation C‑3 satellite system [26]
- Progress commercializing product and enterprise offerings, including mentions of XCOM RAN traction and equipment initiatives [27]
This matters for today’s debate because it frames GSAT as a company in build-and-invest mode—and that often produces tension between exciting future narratives and today’s valuation math.
The Bigger Buildout Story: ITU Partner2Connect Pledge and Global Ground Infrastructure Expansion
Globalstar isn’t just talking about connectivity; it’s making large, structured commitments tied to global infrastructure.
On November 18, 2025, Globalstar announced it had surpassed 50% of its $2 billion pledge to the ITU’s Partner2Connect initiative, saying it had invested over $1 billion to strengthen its satellite network and expand broadband and IoT connectivity capabilities worldwide. [28]
The same announcement describes:
- Commissioning new replacement satellites for the existing constellation
- Starting the buildout of the third-generation C‑3 system, including space and ground elements
- Announcing ground station projects across 14 sites in 8 countries on 4 continents [29]
For additional context, the ITU also covered Globalstar’s $2 billion pledge under Partner2Connect, positioning it as part of a broader push to expand global connectivity by 2026. [30]
And on November 4, 2025, Globalstar announced a major ground infrastructure expansion across Brazil, including eight new C‑3 tracking antennas installed at four locations—described as part of a broader global expansion that can include up to 90 new tracking antennas supporting the C‑3 system. [31]
These investments are central to the long-term bull thesis, but they also feed the bear case: building networks is expensive, and markets can turn impatient if monetization lags.
What Today’s Analyses Are Really Saying (Dec. 18, 2025)
Today’s GSAT commentary is basically a three-way argument:
1) The “Execution Converts the Story” View
Simply Wall St’s December 18 note treats the Skydio trial as a supportive near-term catalyst for Band n53 and XCOM RAN—while emphasizing the swing factor is converting trials and proofs-of-concept into diversified recurring contracts. [32]
2) The “Valuation Has Run Ahead” View
Deutsche Bank’s initiation at Hold and its valuation language reflect the idea that GSAT’s strategic assets may be real, but the stock price already reflects a lot of optimism. [33]
3) The “Technicals Are a Tug-of-War” View
AInvest’s technical-focused piece (AI-generated, per the site) framed GSAT as “technical neutrality” with mixed reversal patterns and overbought indicators—essentially a cautious “wait-and-see.” [34]
What Investors Are Watching Next
Looking ahead from December 18, 2025, GSAT’s next narrative checkpoints are straightforward—even if the outcomes aren’t:
- Follow-through from the Skydio validation: more trials, partner announcements, or (the big one) commercial deployments tied to Band n53 and XCOM RAN. [35]
- More clarity on spectrum monetization: investors are betting that licensed spectrum can command premium economics if Globalstar can productize it into repeatable deployments (public safety, industrial automation, logistics, energy). [36]
- Progress on C‑3 and ground infrastructure buildout: milestones that de-risk execution on next-gen mobile satellite services. [37]
- The insider-sale narrative cooling off: as more readers digest the Form 4 explanation that the sale was tied to a mandatory sell-to-cover mechanism. [38]
Bottom Line on Globalstar Stock Today
Globalstar stock is volatile right now because it sits at the intersection of two powerful forces:
- A compelling strategic asset story (licensed spectrum, private 5G ambitions, and satellite/wholesale capacity positioning), punctuated this week by the Skydio trial news. [39]
- A valuation and sentiment reset after a surge to fresh highs—made messier by insider-sale headlines, even when the filing itself points to tax/withholding mechanics. [40]
In other words: the technology narrative got a boost, the stock chart got humbled, and the market is now demanding receipts—contracts, deployments, and repeatable revenue—rather than vibes.
References
1. stockanalysis.com, 2. www.sec.gov, 3. www.marketbeat.com, 4. www.sec.gov, 5. www.sec.gov, 6. www.sec.gov, 7. www.sec.gov, 8. www.tradingview.com, 9. www.marketbeat.com, 10. www.businesswire.com, 11. www.businesswire.com, 12. www.businesswire.com, 13. www.businesswire.com, 14. simplywall.st, 15. www.investing.com, 16. www.investing.com, 17. www.investing.com, 18. www.investing.com, 19. www.investing.com, 20. www.marketbeat.com, 21. www.alphaspread.com, 22. www.investing.com, 23. www.investing.com, 24. www.nasdaq.com, 25. www.nasdaq.com, 26. www.nasdaq.com, 27. www.nasdaq.com, 28. www.businesswire.com, 29. www.businesswire.com, 30. www.itu.int, 31. www.businesswire.com, 32. simplywall.st, 33. www.investing.com, 34. www.ainvest.com, 35. www.businesswire.com, 36. www.nasdaq.com, 37. www.businesswire.com, 38. www.sec.gov, 39. www.businesswire.com, 40. www.sec.gov
