What Happened?
Shares of satellite communications provider Globalstar (NASDAQ: GSAT) jumped 5.3% in the afternoon session after investor optimism grew around its strategic bet on XCOM's Radio Access Network (RAN) technology and its potential as a key growth driver.
Globalstar's XCOM RAN technology promises to deliver at least four times the capacity of baseline 5G systems and is being evaluated for defense and tactical use. The company has already demonstrated its potential by achieving a successful 5G data call over its n53 spectrum. Adding to the positive outlook, Globalstar announced plans to expand its network with the new HIBLEO-XL-1 satellite system, preparing for the next era of mobile satellite connectivity. This positive momentum is reflected in analyst sentiment, with earnings estimates for 2025 and 2026 being revised upwards, contributing to a "Strong Buy" consensus rating.
After the initial pop the shares cooled down to $35.65, up 4.4% from previous close.
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What Is The Market Telling Us
Globalstar’s shares are extremely volatile and have had 40 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock gained 4% on the news that the company announced it began construction to double the size of its ground station in Estonia.
This expansion project, an investment of about $9 million, will add three new 6-meter antennas to the facility. The key goal of this upgrade is to support Globalstar's third-generation C-3 mobile satellite system, boosting its services across Northern Europe. This move shows the company's commitment to improving its global satellite network. The news followed other positive steps by the company, including the expansion of its ground station in Singapore and securing new government contracts expected to bring in at least $60 million in sales over the next five years. Investors viewed these developments as signs of the company's ongoing efforts to strengthen its market position and grow its tech capabilities.
Globalstar is up 12.1% since the beginning of the year, and at $35.65 per share, it is trading close to its 52-week high of $37.94 from September 2025. Investors who bought $1,000 worth of Globalstar’s shares 5 years ago would now be looking at an investment worth $7,664.
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