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GSAT - Globalstar Inc.
-0.14(-9.03%)9:00:00 PM 3/4/2021
Globalstar, Inc. is an American satellite communications company that operates a low Earth orbit satellite constellation for satellite phone and low-speed data communications, somewhat similar to the Iridium satellite constellation and Orbcomm satellite systems. The Globalstar second-generation constellation consists of 24 low Earth orbiting satellites. The Globalstar project was launched in 1991 as a joint venture of Loral Corporation and Qualcomm. On March 24, 1994, the two sponsors announced formation of Globalstar LP, a limited partnership established in the U.S., with financial participation from eight other companies, including Alcatel, AirTouch, Deutsche Aerospace, Hyundai and Vodafone. At that time, the company predicted the system would launch in 1998, based on an investment of $1.8 billion.
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    Globalstar Announces 2020 Financial Results and Business Update

    Globalstar Announces 2020 Financial Results and Business Update

    South Korea’s Coupang Seeks Up to $3.6 Billion in New York IPO

    (Bloomberg) -- South Korean e-commerce giant Coupang Inc. is seeking to raise as much as $3.6 billion from an initial public offering in New York, which will rank as one of the largest-ever Asian listings in the U.S.Seoul-based Coupang and some existing shareholders are offering 120 million shares at $27 to $30 each, according to a filing Monday. At the top end of the range, Coupang will be valued at as much as $51 billion based on the number of shares outstanding.Founded in 2010 by Chief Execut...

    SPOT Announces Partnership with Jeep® Jamboree USA

    SPOT, LLC, a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and a leading provider of satellite messaging and emergency notification technologies, today announced its partnership with Jeep Jamboree USA as an official sponsor.

    Why Globalstar Stock Popped Today, Then Dropped

    Satellite communications stock Globalstar (NYSEMKT: GSAT) exploded higher in morning trading Wednesday, rising nearly 20% before the enthusiasm passed. As of 11:35 a.m. EST, Globalstar's gains have been pared to just 2.5%. The folks who bought Globalstar hand over fist early this morning, or the ones who are having second thoughts?

    Globalstar Announces Strategic Alliance With XCOM Labs

    Globalstar Announces Strategic Alliance with XCOM Labs

    Why Globalstar, Castor Maritime, and Zomedica Stocks Surged Today

    Shares of Globalstar (NYSEMKT: GSAT), Castor Maritime (NASDAQ: CTRM), and Zomedica (NYSEMKT: ZOM) climbed 15%, 12%, and 10%, respectively, on Wednesday, as traders furthered their love affair with low-priced stocks. All three of these companies have had positive developments that have helped to spur sharp rallies in their share prices in recent weeks. Globalstar announced on Tuesday that Qualcomm would include its Band n53 technology in the chipmaker's flagship 5G modem.

    Why Globalstar Stock Skyrocketed Today

    Shares of Globalstar (NYSEMKT: GSAT) soared 69% on Tuesday after the satellite services provider said Qualcomm (NASDAQ: QCOM) will include Globalstar's Band n53 in its flagship 5G modem. Qualcomm's new X65 modem helps to broaden the types of devices that can plug into Globalstar's network. Smartphones, tablets, laptops, and a host of Internet of Things (IoT) devices will now be able to use Globalstar's 5G spectrum.