Globalstar has completed more than half of its $2 billion pledge to the International Telecommunication Union’s Partner2Connect initiative, having invested over $1 billion in satellite and ground infrastructure for its next‑generation C‑3 constellation.
The milestone includes the commissioning of replacement satellites to replenish the existing fleet and the launch of a global build‑out of the C‑3 system, with 14 new ground stations across eight countries on four continents. The expansion is designed to increase capacity, enhance resilience, and support higher‑throughput data services for enterprise, government, and consumer markets.
The investment is driven by rising demand for high‑throughput satellite connectivity, especially in IoT, private networks, and data‑centric applications. A key catalyst is the partnership with Apple, which committed $1.1 billion to fund 85 % of the C‑3 capacity, validating the platform’s commercial viability.
Globalstar’s Q3 2025 revenue reached $73.8 million, surpassing analyst expectations and supporting a reaffirmed full‑year outlook of $260 million to $285 million. The $1 billion capital spend is part of a broader strategy to transform the company into a diversified connectivity powerhouse.
The announcement was met with positive market sentiment, driven by the company’s strong earnings, progress on the ITU pledge, and speculation about a potential sale to SpaceX. Investors view the milestone as evidence of execution discipline and a step toward higher‑margin services.
CEO Dr. Paul E. Jacobs said the halfway point demonstrates Globalstar’s execution discipline and long‑term vision to deliver secure, ubiquitous connectivity worldwide, reinforcing the company’s commitment to its strategic transformation.
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