Shares of Globalstar held firm to close the trading week at $68.48. While the company itself remained quiet, reports concerning a potential record valuation for industry titan SpaceX generated positive sentiment across the entire satellite communications sector.
Financial Targets Provide Foundation
Investors continue to assess Globalstar against its confirmed financial guidance. In its quarterly communication on November 6, the company reaffirmed its full-year 2025 outlook. Management continues to anticipate revenue in the range of $260 million to $285 million. This confirmation serves as the current baseline for shareholder expectations. Recent market data reflects a net loss of approximately $57.9 million over the trailing twelve months, a figure indicative of the ongoing investments being made to expand its satellite constellation.
Industry-Wide Enthusiasm Sparks Interest
Over the weekend, investor attention was captured by reports that SpaceX is targeting an internal secondary share sale at a valuation of around $800 billion. These developments highlight the significant capital interest and premium valuations currently being assigned to space-based infrastructure assets. As a pure-play satellite operator, Globalstar benefits from this buoyant industry backdrop. The equity responded with stability to the news, edging up by 0.28 percent on Friday.
Should investors sell immediately? Or is it worth buying Globalstar?
Analyst Views and Forward Projections
The current share price of $68.48 sits notably above the analyst consensus price target of roughly $52.75. Research boutique Clear Street initiated coverage on the stock in mid-October with a $66.00 price objective. The share’s ability to trade above these levels suggests robust institutional confidence, potentially bolstered by the favorable sector narrative. Longer-term projections for the year 2028 point to potential revenue growth to $383.1 million, with earnings reaching $75.2 million.
The next significant milestone for Globalstar will be the release of its 2025 fourth-quarter and full-year results, anticipated for late February or early March 2026. This financial report will demonstrate whether the company is on track to meet its reiterated revenue forecast.
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