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Barchart
Aditya Raghunath

This ‘Strong Buy’ Satellite Stock Is Being Put to the Test Against Elon Musk’s Starlink

GlobalStar GSAT Elon Musk Starlink Apple Paul Jacobs Mobile

The satellite communications industry is witnessing an epic showdown between two tech titans, with billions in market value at stake. In one corner stands Elon Musk’s Starlink, powering T-Mobile’s (TMUS) satellite smartphone service, which will launch officially this summer. On the other end is Paul Jacobs, the former Qualcomm (QCOM) CEO who helped revolutionize smartphone connectivity and now leads Globalstar (GSAT). 

Globalstar, valued at $2.3 billion, provides mobile satellite services, offering two-way voice and data communications for remote areas. It serves various markets, including recreation, government, oil and gas, and maritime, through products like SPOT devices for emergency alerts and location tracking. It also offers commercial IoT solutions for asset monitoring and business continuity applications.

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