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COVINGTON, La. - Globalstar, Inc. (NASDAQ:GSAT), whose stock has surged nearly 18% in the past week and is trading near its 52-week high, announced a strategic collaboration with Conekt.ai to deliver integrated connectivity solutions combining Globalstar’s Band 53 spectrum with XCOM RAN private network technology through Conekt.ai’s orchestration platform. According to InvestingPro, the company has shown remarkable momentum with a 105% return over the past six months.
The partnership will enable enterprise customers to access turnkey connectivity solutions for IoT deployments, private networks, and hybrid architectures through a single management interface. The combined offering integrates licensed Band 53 spectrum, XCOM RAN technology, satellite, and public networks into what the companies describe as a unified experience. With a market capitalization of $5.1 billion and revenue growth of nearly 15% over the last twelve months, Globalstar demonstrates strong market positioning in the connectivity sector.
According to the companies, the solution is designed to support mission-critical IoT applications across both private and public networks, with licensed spectrum providing interference-free connectivity for demanding applications.
"This partnership represents an expansion of our go-to-market capabilities, bringing Band 53 spectrum and XCOM RAN solutions to Conekt.ai’s device orchestration platform and established customer base across IoT and enterprise markets," said Tamer Kadous, General Manager of Globalstar Terrestrial Networks, in a press release statement.
Jon Boeing, CEO of Conekt.ai, added that Globalstar’s private network solutions would benefit customers deploying mission-critical IoT and private network services.
Globalstar operates a low Earth orbit satellite constellation and offers terrestrial spectrum services through Band 53, while Conekt.ai provides a connectivity management platform designed to simplify network deployment and management.
The companies did not disclose financial terms or specific implementation timelines for the partnership.
In other recent news, Globalstar Inc. reported its second-quarter earnings for 2025, showcasing a significant increase in revenue and strategic advancements in product development and market expansion. The company’s financial performance indicates positive developments, although specific revenue figures were not disclosed in the earnings call. Additionally, Globalstar has secured multiple government contracts, which are projected to generate at least $60 million in revenue over the next five years. This move to the commercial phase follows a successful proof of concept with defense technology provider Parsons.
Moreover, Globalstar has initiated the expansion of its ground stations in both Estonia and Singapore. The Estonian facility will see the addition of three 6-meter antennas, representing a $9 million investment to support its third-generation C-3 mobile satellite system in Northern Europe. In Singapore, the expansion includes two new 6-meter tracking antennas, enhancing service offerings across Southeast Asia. These infrastructure developments are part of Globalstar’s ongoing efforts to strengthen its satellite communications capabilities globally.
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