Globalstar's Stock Soars on Apple Partnership, Brazil Expansion
Update: 2025-11-10
Description
Globalstars stock surged nearly seventeen percent following record third-quarter revenue and Apples plans to enhance iPhone satellite features using Globalstars network. The company also announced a ground infrastructure expansion in Brazil, sending its stock to a new fifty-two-week high. Despite broader market caution, Globalstars stock has performed exceptionally well this year, up over eighty-six percent since January first.
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