Globalstar’s New Gateway Expansion Could Be a Game Changer for GSAT’s Network Ambitions

• Globalstar recently announced the construction of additional gateway infrastructure at its Nemea, Greece ground station, marking a significant phase in the company's global network expansion for its third-generation C-3 System.
• This initiative is part of a larger project involving up to 90 new tracking antennas across about 35 gateways worldwide, reflecting Globalstar's efforts to broaden its mobile satellite network capacity and advance next-generation services.
• We'll explore how this infrastructure investment could reinforce Globalstar’s long-term network capabilities and shape its investment narrative.

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Globalstar Investment Narrative Recap

For Globalstar shareholders, the core belief centers on the company's ability to build a global satellite network that supports next-generation connectivity services. The recent Nemea ground station expansion signals progress but does not materially shift the biggest short term catalyst, execution on major government and enterprise contracts, or reduce the most significant near-term risk: high capital spending that could pressure cash flow and require external funding.

Among Globalstar’s recent announcements, the infrastructure build-out in Singapore closely mirrors the Nemea project, representing a coordinated investment in the C-3 System’s global reach. These projects together support the ongoing upgrade cycle that underpins the company’s future service offerings, with immediate impacts tied more to groundwork for growth than fast revenue inflection.

By contrast, investors should be aware of how persistent high capital expenditure for this expansion could eventually...

Read the full narrative on Globalstar (it's free!)

Globalstar's outlook forecasts $383.1 million in revenue and $75.2 million in earnings by 2028. This scenario assumes annual revenue growth of 13.7% and an earnings increase of $124.2 million from current earnings of -$49.0 million.

Uncover how Globalstar's forecasts yield a $52.50 fair value, a 69% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members assigned fair values to Globalstar stock ranging from US$1.99 to US$52.50, with nine unique estimates. While views are wide, many analyses weigh ongoing network expansion and its critical effect on future cash flow and funding.

Explore 9 other fair value estimates on Globalstar - why the stock might be worth less than half the current price!

Build Your Own Globalstar Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Globalstar research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Globalstar research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Globalstar's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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