Shares of Globalstar, Inc. (GSAT) are surging Monday, riding a wave of investor enthusiasm following the blockbuster announcement that SpaceX will acquire EchoStar’s AWS-4 and H-block spectrum licenses for approximately $17 billion.
What To Know: While Globalstar is not directly involved in the transaction, the deal has cast a spotlight on the immense and growing value of satellite spectrum, a key asset for the company.
