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Benzinga
Benzinga
Business
Henry Khederian

Globalstar (GSAT) Taps SpaceX For Satellite Launch: What's Going On?

GlobalStar GSAT SpaceX Nasdaq MDA
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Globalstar, Inc. (NASDAQ:GSAT) shares are trading higher Monday morning. The company earlier announced it has contracted with SpaceX to launch a new set of satellites aboard a Falcon 9 rocket.

What To Know: This move is a key step in the company’s plan to enhance its next-generation telecommunications infrastructure. The launch, slated for next year, follows an initial deployment scheduled for later this year.

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