Why Globalstar (GSAT) Stock Is Up Today
This launch is part of a 2022 satellite procurement agreement with MDA and will add to Globalstar's existing second-generation satellite constellation. According to Globalstar CEO Dr. Paul Jacobs, the agreement with SpaceX is a key step in the company's plan to construct and launch its new satellites. He stated that the new satellites will improve the company's ability to deliver high-quality satellite services to its customers over the long term. The company expects the launch to occur next year.
After the initial pop the shares cooled down to $26.06, up 4.7% from previous close.
Is now the time to buy Globalstar? Access our full analysis report here, it's free.
Globalstar's shares are extremely volatile and have had 41 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.
Globalstar is down 18.1% since the beginning of the year, and at $26.06 per share, it is trading 24.1% below its 52-week high of $34.35 from December 2024. Investors who bought $1,000 worth of Globalstar's shares 5 years ago would now be looking at an investment worth $4,635.
Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
2 hours ago
- USA Today
Could Starship help humanity establish a city on Mars? Inside SpaceX, Elon Musk's plan
Starship, which SpaceX has launched on nine flight tests from Starbase in South Texas, is the centerpiece of Elon Musk's plan to establish a city on Mars in a matter of years. The idea that humans could one day populate and even colonize Mars is one no longer confined to the realm of science fiction. Astronauts are on the cusp in the years ahead of journeying all the way to the Red Planet, where so far only rovers and orbiters have dared to venture. And when they do, it's likely they'll make landfall aboard a SpaceX Starship. Billionaire Elon Musk founded SpaceX in 2002 with the vision of paving the way to create a self-sustaining colony on the Red Planet. By April 2023, the company rolled out its massive Starship – the rocket/spacecraft combo designed to reach Mars – to its South Texas launch pad for what would be its first of nine flight tests to date. While Starship has endured a few explosive setbacks in 2025, SpaceX is preparing for a mission it refers to as flight 10 as early as Sunday, Aug. 24 to get the vehicle's development back on track. But Starship has a long way to go before it can carry the first spacefarers to Mars and fulfill Musk's oft-stated dream of "making life multiplanetary." Here's everything to know about Elon Musk's goal of setting up the first human city on Mars, and how Starship, which could soon fly again for the first time since May 27, fits in to those plans. Why is Elon Musk interested in sending Starship to Mars? Musk, who has often spoken publicly about his Mars vision, delivered his latest public updates in late May in front of employees from Starbase, SpaceX's headquarters near the U.S.-Mexico border that recently became its own Texas city. In a video SpaceX shared May 29 on social media site X, which Musk owns, the world's richest man described to his employees the goal of sending humans to Mars as essential 'for the long term survival of civilization." Under Musk's vision, humans would not just step on the planet before departing, but would remain to establish a settlement that could function independently if any cataclysmic event were to ever happen on Earth. So, why Mars, as opposed to, say, Jupiter or Venus? Well, while other planets in our solar system are anything but habitable for humans, Mars gets a decent amount of sunlight, has water sources and is already a planet where humanity has sent robotic rovers to scout the terrain. At an average distance of 140 million miles from Earth, it's also one of our closest cosmic neighbors. While Mars has a thin atmosphere and is relatively cold, SpaceX claims on its website, "we can warm it up." Gravity on Mars is about 38% of that of Earth's, meaning humans would be able to lift heavier objects and bound around. What is Starship? World' largest rocket developed for travel to Mars SpaceX is developing Starship specifically with a Martian destination in mind. The spacecraft is designed to be a fully reusable transportation system, meaning the rocket and vehicle can return to the ground for additional missions. The Starship, standing 403 feet tall when fully stacked, is regarded as the world's largest and most powerful launch vehicle ever developed. When fully integrated, the launch system is composed of both a 232-foot Super Heavy rocket and the 171-foot upper stage Starship itself, the spacecraft where crew and cargo would ride. Super Heavy alone is powered by 33 of SpaceX's Raptor engines that give the initial burst of thrust at liftoff. The upper stage Starship section is powered by six Raptor engines that will ultimately travel in orbit. When could SpaceX launch Starship to Mars? Musk wants to send the first uncrewed Starship to Mars by the end of 2026 for a very critical reason: The timeline coincides with an orbital alignment around the sun that would shorten the journey between Earth and Mars. It's a slim window that occurs once about every two years, and if SpaceX misses it, Musk has said the company would target another mission during the next alignment. If Starship were to blast off for the Red Planet by the end of 2026, the journey itself would take between seven to nine months. While no humans would have a seat on the first flight to Mars, Starship won't be empty. Instead, the vehicle would carry one or more Optimus robots designed and built by Tesla, Musk's electric vehicle company. Where, how would Starship land on Mars? Starship would enter Mars' atmosphere while zooming at 4.6 miles per second before it begins decelerating. The vehicle's heatshield is designed to withstand multiple atmospheric entries, but the Martian environment is expected to be harsher on the spacecraft, given its higher levels of atomic oxygen in the atmosphere, according to SpaceX. SpaceX is still considering multiple potential landing sites on Mars for Starship, but the leading contender appears to be a region known as Arcadia. The volcanic plain is on Mars' northern hemisphere far from the planet's frigid poles, with access to water sources in the form of shallow ice. Arcadia is also flat enough to make landings and takeoffs relatively safer, Musk has said. What happens when the first humans arrive on Mars? Crewed trips with humans would then follow most likely in the early 2030s, Musk has claimed. Musk said he envisions eventually launching 1,000 to 2,000 Starships to Mars every two years so enough people and supplies can make it to the surface to quickly establish a livable, self-sufficient city. Achieving that goal would require more than 1 million Martian residents and millions of tons of cargo, according to SpaceX. For that reason, the company has an ambitious target of one day in the years ahead launching Starship more than 10 times per day from Earth to Mars during those crucial transfer windows every 26 months. The first humans on Mars would be tasked with taking account of local resources, setting up landing operations, establishing a power source and building homes. How does Musk's vision fit in Trump's, align with NASA's Artemis campaign? NASA also has designs on astronauts reaching Mars – even if the agency's plan of attack differs from Musk's. Starship is crucial to the U.S. space agency's goal of returning astronauts to the moon's surface for the first time in five decades. NASA's lunar exploration plans call for Artemis III astronauts aboard the Orion capsule to board the Starship while in orbit for a ride to the moon's surface as early as 2027. Once NASA has established a basecamp on the lunar south pole in the years ahead, the agency envisions sending humans from the moon on to Mars. Musk, though, has long favored a more aggressive Earth-to-Mars approach. President Donald Trump also outlined in his January inauguration speech his intent for humans to "plant the Stars and Stripes on the planet Mars" during his second term – a vision from which he hasn't appeared to waver even after a public spat with Musk in June. While Trump has proposed a significant 25% slash to NASA's overall budget, the cuts mostly target the space agency's science programs while increasing funding for space exploration – including missions to Mars. The White House's 2026 budget proposal calls for allocating more than $1 billion for Mars exploration, while an additional $10 billion in funding for NASA was included in Republican spending legislation known as the One Big Beautiful Bill. Trump also signed earlier in August an executive order aimed at rolling back federal regulations on commercial spaceflight companies, including SpaceX. The move came a few months after the Federal Aviation Administration, which licenses commercial rocket launches, gave approval in May for SpaceX to conduct as many as 25 Starship test flights a year as Musk seeks to ramp up development of the Mars-bound spacecraft. When is the next Starship launch from Starbase, Texas? SpaceX plans to conduct the 10th flight test of its Starship spacecraft Sunday, Aug. 24, with a target liftoff time of 7:30 p.m. ET the company's Starbase headquarters in Cameron County, about 23 miles from Brownsville. Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at elagatta@
Yahoo
4 hours ago
- Yahoo
SpaceX's Starship faces 10th test after previous flights end in explosions
SpaceX's Starship is about to face its 10th test flight following explosions on previous launches. SpaceX CEO Elon Musk has promised that the world's most powerful rocket and spacecraft will one day take humans to Mars and beyond. But leading up to its 10th launch, scheduled for Sunday at 7:30 p.m. ET, Starship has yet to achieve all its mission goals. And the last three flight tests, plus a static engine test in June, ended in explosions. "We now have serious questions whether the architecture of Starship is in fact feasible or not," said Olivier de Weck, the Apollo Program professor of Astronautics and Engineering Systems at MIT and editor-in-chief of the Journal of Spacecraft and Rockets. "I'm much, much less concerned about the Super Heavy booster. But the upper stage, the Starship itself, I'm starting to have some serious doubts about whether they'll be able to make it work. Certainly, with the payload that they have in mind." Starship's 10th flight test will lift off from SpaceX's Starbase launch site in the Rio Grande Valley of Texas. The company has yet to successfully launch and land the stainless-steel spacecraft, which is being engineered to be fully reusable and would be able to carry up to 100 people to deep space destinations. MORE: In 9th flight test, SpaceX's Starship experiences 'rapid unscheduled disassembly' Can Musk achieve his vision? During a presentation in May, Musk shared his vision for how Starship will eventually make humans multiplanetary, something he said is necessary to ensure the survival of humanity. "Progress is measured by the timeline to establishing a self-sustaining civilization on Mars. That's how we're gauging our progress here at Starbase," Musk said. "Rapidly reusable reliable rockets is the key." De Weck agrees that aiming for a human presence on Mars is a worthwhile endeavor, but he thinks it will take decades to land astronauts on the Mars surface and return them to Earth. He said while Starship's Super Heavy booster, the first stage that lifts the spacecraft into orbit, has been "pretty successful," he questions the design of the Starship itself, and its ability to carry humans into space safely. De Weck said the company is facing challenges with convergence, an engineering concept where the goal is for all the vehicle's systems to function correctly together. "Convergence means that with every test, every launch you do, the prior problems that you saw on the prior launch have been addressed," explained de Weck. "The problem that SpaceX has right now with Starship is every launch that they do, yes, they address the battles, so to speak, from the prior launch, but now the fix that they made causes new problems that didn't show up on the prior launch." De Weck described the process as playing "Whac-A-Mole," where each fix causes new problems that weren't an issue in earlier configurations. This has been a challenge for the company in previous test flights. Musk has acknowledged the challenges of his endeavor, writing on X that "There is a reason no fully reusable rocket has been built - it's an insanely hard problem. Moreover, it must be rapidly & completely reusable (like an airplane). This is the only way to make life multiplanetary." MORE: How Elon Musk's SpaceX may take over a corner of the Texas coast Problems with previous test flights In mid-June, a Starship exploded on the launch pad during a pre-flight engine test. SpaceX determined that "the vehicle was in the process of loading cryogenic propellant for a six-engine static fire when a sudden energetic event resulted in the complete loss of Starship and damage to the immediate area surrounding the stand." An analysis by the company found that the likely cause was the failure of a pressurized tank that stores gaseous nitrogen for the ship's environmental control system, which triggered the explosion. That explosion occurred less than a month after test flight nine ended prematurely when the "Starship experienced a rapid unscheduled disassembly" due to several mechanical failures minutes into the flight, according to SpaceX. The company also lost the first stage heavy booster during the test after it appeared to explode while splashing down in the Gulf. SpaceX blames "higher than predicted forces on the booster structure" for the loss. Test flight eight in March ended after what SpaceX described as a "hardware failure" with one of the upper-stage Raptor engines, leading to fuel igniting where it shouldn't have. The company believes the vehicle then automatically self-destructed. Debris was spotted across South Florida and the Atlantic, prompting temporary ground stops at nearby airports. A similar failure occurred in January 2025 during Startship's seventh flight test when stronger-than-expected vibrations caused a propellant leak, explosion and the loss of the spacecraft. In a post-incident report, SpaceX said it has made "hardware and operational changes" to improve the reliability of Starship and the Super Heavy booster during the next mission. "Each launch is about learning more and more about what's needed to make life multiplanetary and to improve Starship to the point where it can be taking ultimately hundreds of thousands, if not millions, of people to Mars," Musk said during his address in May. MORE: SpaceX loses another Starship in latest launch, with debris seen streaking across the sky Can 'agile engineering' solve Starship's challenges? SpaceX has achieved significant technical milestones with each flight test, however. The company returned the Super Heavy booster to Earth on two occasions, catching it with giant robotic "chopsticks" attached to the launch tower and reused one of them from a previous launch. Flight test nine also demonstrated the vehicle's suborbital trajectory by reaching suborbital space before mechanical failures ended the mission. And with each subsequent mission, SpaceX makes upgrades and changes to the booster and spacecraft based on the learnings. Despite the setbacks, the company's test schedule has remained aggressive, with launches often just months apart. That pace is central to SpaceX's iterative engineering process, which de Weck describes as "rapid prototyping or agile engineering." "We'll find problems, we'll test it rapidly, and we'll fix it as we go. And we gradually approach a perfect product. That does not work as well for safety-critical systems and where the cost of failure is high," de Weck said. For flight ten, de Weck says the most important thing to watch is what happens after booster separation during the midstage of the mission. "I want to see a proper ignition of those engines, the Raptor engines on the upper stage, and then a coasting phase, a cruise phase without any explosions, premature engine shutdowns, and just a relatively clean reentry," he said. Even with another mid-phase failure, however, de Weck doesn't believe that SpaceX would end the program or go back to the drawing board for a new design. "I think they're going to keep going at least until 15, 16, 17 flights. I don't see them abandoning anything before 20 flights," de Weck said. As for Musk, his vision is a day when SpaceX is manufacturing two to three Starships a day and sending Starships to the Moon and Mars on a daily, if not hourly basis. "We could be out there among the stars making science fiction no longer fiction," said Musk. Solve the daily Crossword
Engadget
6 hours ago
- Engadget
Alaska Air will offer Starlink in-flight internet starting next year
In-flight internet is crappy, but more and more airlines think that Starlink is the solution. The latest company to sign with the SpaceX affiliate is Alaska Air Group, which announced that it will start offering Starlink Wi-Fi next year and expand the service to its entire fleet by 2027. "With Starlink already live on [Alaska Air Group subsidiary] Hawaiian Airlines, we're proud that we'll offer... gate-to-gate connectivity on nearly every aircraft across both airlines," CEO Ben Minicucci said in a statement. The company noted in a separate announcement that it will offer the perk for free to members of its new loyalty program called Atmos Rewards. T-Mobile, a partner with Alaska, will also offer a "seamless, ad-free Wi-Fi log-on" to the in-flight Starlink service, with more details to be announced later this year. Alaska Air touted the benefits of "ultra-fast speeds... up to 7x faster than the geostationary satellite-based Wi-Fi systems that most airlines use today." Other airlines may jump on board soon, too. British Airways is also on the verge of announcing a Starlink deal, Bloomberg reported, and SpaceX has also reportedly been in conversation with Dubai's Emirates. Both of those are flagship carriers in their respective nations, so winning the business would be a large coup for Starlink against legacy operators like Viasat and Echostar. Switching to Starlink isn't necessarily cheap, though. It reportedly costs around $300,000 to equip a 737 and around half a million to install the system on a 787 Dreamliner. On top of that, airlines pay around $120 monthly per seat, plus another $120 for live TV, according to Bloomberg 's sources. (None of the airlines in negotiations have confirmed any details.) Despite those costs, carriers see reliable in-flight internet as a potential game-changer, as it would allow customers to work, communicate and stream videos or live TV. If the latter can be done reliably, it might even allow airlines to get rid of heavy and expensive on-demand entertainment systems. The main downside for potential customers is SpaceX's owner, Elon Musk. Some may view his fractured relationship with US president Donald Trump as a negative, while end-users may be turned off by his political affiliations — something that has seemingly affected sales of his Tesla EVs of late.
