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Globalstar (GSAT) Stock Trades Down, Here Is Why
November 19, 2025 at 12:46 PM EST
What Happened?
Shares of satellite communications provider Globalstar (NASDAQ: GSAT) fell 1.4% in the afternoon session after the company announced significant progress on its $2 billion commitment to the International Telecommunication Union's (ITU) Partner2Connect initiative, aimed at expanding global connectivity. Globalstar reported it had invested over $1 billion, surpassing the halfway mark of its pledge. This investment was directed toward strengthening its global satellite network and expanding its broadband and Internet of Things (IoT) services around the world. The plan also involved commissioning new satellites and developing its third-generation C-3 system. The company's commitment, which is set for completion by March 2025, was viewed positively by investors, signaling solid progress in its efforts to enhance its telecommunications infrastructure.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Globalstar? Access our full analysis report here.
What Is The Market Telling Us
Globalstar’s shares are extremely volatile and have had 44 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock dropped 4.3% on the news that investors continued to question how much more the superstar stocks can add to their already spectacular gains.
The main story? Investors are cashing in on a good run and feeling a bit cautious. After a fantastic run, many of those high-flying AI and technology stocks saw investors take profits: selling shares to lock in their gains. This is often called a "market rotation." Money is moving out of the red-hot tech sector (which some worry has become too expensive) and into other parts of the market that investors may currently deem more stable or reasonably-priced. There's a secondary reason for the cautious mood: The long government shutdown came to an end. Though it's typically interpreted as good news, it also means a flood of delayed economic reports will be released. For weeks, investors were "flying blind" without key updates on the economy's health, like inflation data and the jobs report. In typical "sell the news" fashion, investors may also be taking profits and selling in anticipation that the new data would potentially give the Federal Reserve reasons to slow or even pause future rate cuts.
Globalstar is up 87.3% since the beginning of the year, and at $59.57 per share, it is trading close to its 52-week high of $64.38 from November 2025. Investors who bought $1,000 worth of Globalstar’s shares 5 years ago would now be looking at an investment worth $12,599.
The 1999 book Gorilla Game predicted Microsoft and Apple would dominate tech before it happened. Its thesis? Identify the platform winners early. Today, enterprise software companies embedding generative AI are becoming the new gorillas. Click here for access to our special report that reveals one profitable leader already riding this wave.
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