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COVINGTON, La. - Globalstar (GSAT), a $2.35 billion market cap company specializing in satellite telecommunications, has taken a step forward with its plans to enhance its Mobile Satellite Services network. The Federal Communications Space Bureau has officially accepted Globalstar’s C-3 System petition for filing, as announced on Friday, May 30, 2025. The petition is now open for public comment, a process which is a standard part of regulatory approvals. According to InvestingPro data, the company has demonstrated solid revenue growth of 14.55% over the last twelve months.
The acceptance of the petition by the Federal Communications Space Bureau is a procedural milestone for Globalstar. It signifies the beginning of a review period where industry experts, stakeholders, and the general public can evaluate and provide feedback on the proposed system. Globalstar has expressed gratitude towards the Commission for its role in advancing the application process.
Globalstar’s infrastructure includes a constellation of low Earth orbit (LEO) satellites that provide secure data transmission services worldwide. These services are critical for a variety of applications, including asset tracking, operational data transmission, and emergency response. The company’s terrestrial spectrum, Band 53, along with its 5G variant, n53, offers another layer of connectivity for private networks, enhancing wireless communication capabilities.
In addition to satellite and terrestrial services, Globalstar has developed products for the Internet of Things (IoT) market. These include devices and software for asset tracking, data processing at the edge, and cloud-based telematics solutions aimed at improving safety, productivity, and profitability across various sectors.
The move to expand and evolve its network aligns with Globalstar’s ongoing efforts to provide advanced connectivity solutions. The company’s satellite and terrestrial services, including the anticipated enhancements, are designed to meet the growing demand for reliable and secure communications in both consumer and enterprise markets. Want deeper insights? InvestingPro subscribers have access to over 10 additional ProTips and a comprehensive Pro Research Report covering Globalstar’s complete financial health and market position.
The information for this article is based on a press release statement.
In other recent news, Globalstar, Inc. has announced several significant developments. The company reported the approval of a corporate governance amendment that allows for the exculpation of officers, aligning with Delaware law. This amendment was approved during the annual stockholders meeting, where shareholders also elected three Class A directors and ratified Ernst & Young LLP as the independent registered public accounting firm for 2025. Additionally, Globalstar has appointed Dr. Tamer Kadous and Daaman Hejmadi as new executives to lead its terrestrial spectrum and network solutions and wholesale satellite capacity businesses, respectively. These appointments are aimed at expanding Globalstar’s private network solutions and satellite offerings. Furthermore, Globalstar has inaugurated a new Satellite Operations Control Center at its headquarters in Covington, Louisiana. This facility is expected to enhance the company’s ability to manage its satellite fleet and improve network performance. The opening of the center is part of Globalstar’s efforts to bolster its position in the global satellite communications industry and create new jobs in Louisiana.
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