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Barchart
Barchart
Aanchal Sugandh

Globalstar Nabs a SpaceX Deal. How Should You Play GSAT Stock Now?

Globalstar (GSAT), the next-generation telecommunications infrastructure and technology provider, has made a major move in the satellite communications race by securing a Falcon 9 launch deal with SpaceX. 

The agreement supports the company’s 2022 procurement commitment with MDA (MDALF) and represents a pivotal step in Globalstar’s long-term space infrastructure strategy. The upcoming satellites, built in partnership with MDA and Rocket Lab (RKLB), are set to integrate with the second-generation satellites currently in orbit. 

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