Globalstar publishes 2025 annual report, posts record $273 million revenue

Reuters04-03

Globalstar publishes 2025 annual report, posts record $273 million revenue

Globalstar annual report for fiscal 2025 highlighted expansion of satellite-terrestrial connectivity strategy across wholesale, enterprise, and mission-critical markets.
Extended MSS Network plans advanced, including replacement satellites slated for two launches in 2026, supported by development of more than 50 third-generation C-3 satellites.
Ground network buildout accelerated, with global expansion expected to add about 90 new antennas across 35 ground stations in 25 countries.
Commercial IoT business broadened with October 2025 launch of RM200M two-way satellite IoT module, targeting higher-value command-and-control use cases.
Updated Services Agreements with Apple remained central, with Apple contributing 63% of total revenue while Globalstar retained 15% of network capacity for other customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Globalstar Inc. published the original content used to generate this news brief on April 02, 2026, and is solely responsible for the information contained therein.

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