XNAS
GSAT
Market cap10bUSD
Oct 08, Last price
83.22USD
1D
-0.54%
1Q
3.91%
Jan 2017
5,167.09%
IPO
404.36%
Name
Globalstar Inc
Chart & performance
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Profile
Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.
Key people
James Monroe
Executive Chairman of the Board · since 2018
Timothy Taylor
Vice President - Finance, Business Operations and Strategy, Director · since 2018
Rebecca Clary
Chief Financial Officer, Vice President · since 2014
L. Barbee Ponder
Vice President - Regulatory Affairs, General Counsel · since 2010
Chief Executive Officer, Director · since 2023
James Lynch
Director · since 2003
Keith Cowan
Independent Director · since 2018
William Hasler
Independent Director · since 2009
Independent Director · since 2018
Legal address
C/O CORPORATION SERVICE COMPANY
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
Headquarters
300 Holiday Square Boulevard
Covington, LA 70433
US
Covington, LA 70433
US
Valuation
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