Globalstar Inc. is in talks with SpaceX and other potential buyers about a possible sale, according to company representatives. The discussions are at an early stage and no definitive agreement has been reached.
The company’s Band 53 spectrum and bent‑pipe satellite architecture are key assets that could enhance a buyer’s connectivity portfolio. Globalstar’s third‑generation C‑3 satellite system, supported by a $1.1 billion prepayment from Apple, is a central component of its Extended MSS Network and XCOM RAN solutions.
Globalstar’s financial performance in 2025 has shown a turnaround. Q1 2025 revenue was $60.0 million, up 6% YoY, with a net loss of $17.3 million. Q2 2025 revenue rose to $67.1 million, 11% YoY, and the company posted a net income of $19.2 million. The company reiterated its 2025 guidance, targeting revenue of $260–$285 million and an adjusted EBITDA margin of about 50%.
Apple holds a 20% equity stake in Globalstar and has invested heavily in the company’s network expansion. The stake and prepayment are significant considerations for any potential transaction, as Apple would likely seek a say in the sale.
A sale could value Globalstar at more than $10 billion, according to a report from October 23, 2025. The transaction would allow SpaceX to integrate Globalstar’s spectrum and ground infrastructure into its broader satellite and connectivity strategy, potentially accelerating the deployment of its Starlink and terrestrial services.
Globalstar’s recent milestones include the commercial launch of its RM200M two‑way satellite IoT module in October 2025 and a 5G data call on its Band n53 spectrum in December 2024, demonstrating the platform’s readiness for advanced mobile applications.
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