Globalstar: Commercial Execution Is Heating Up With New Contracts

Emanuel Nemec530 FollowersFollow5ShareSavePlay(9min)CommentsSummaryGlobalstar has appreciated 104% since my initial Strong Buy; I now rate it a Buy for the medium term but remain long-term bullish.Recent milestones include warehouse automation, a Skydio drone partnership, and Boingo Wireless integration, all validating XCOM RAN's commercial traction.GSAT's IoT hardware sales surged 60% YoY in Q3 2025, signaling accelerating future high-margin subscription revenues.Key risks are C3 satellite launch delays and IoT competition, but GSAT's new contracts and hardware growth demonstrate strong execution. dima_zel/iStock via Getty Images In my first cover of Globalstar (GSAT) in January 2025, I built a case arguing for Globalstar to be undervalued, and I issued a Strong Buy recommendation. Since that article, Globalstar is up 104%. You can read the article This article was written byEmanuel Nemec530 FollowersFollowI first entered investing in 2016 as an individual value investor. In 2022, I established the investment firm Libra Capital. I mostly write articles as part of my deep research into a company before I make an investment, whether long or short. For me, a ''hold'' article means neutral; don't touch the stock and exit a position if you have one. Sell is short it, or sell a long position, and vice versa for long.Analyst’s Disclosure: I/we have a beneficial long position in the shares of GSAT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.