Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 48.26

-5.6%

3:59 PM EST

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From: Jeff Vayda	6/7/2022 3:11:48 PM
	of 29986

Globalstar spare satellite to launch on SpaceX rocket this month spaceflightnow.com ...A spare satellite for Globalstar’s data relay and messaging constellation will launch from Cape Canaveral on a Falcon 9 rocket later this month, multiple sources said, in a previously-undisclosed mission on SpaceX’s schedule.... The launch will be the first for a Globalstar satellite since 2013, and adds capacity for the company’s commercial network providing data connectivity for satellite phones, asset tracking, and internet-of-things applications. ...The $327 million contract for the 17 new satellites, along with the launch this month of Globalstar’s spare second-generation spacecraft, is being primarily funded by an unnamed “potential customer” for Globalstar’s services.

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