Latest news with #PaulJacobs
Yahoo
07-07-2025
- Business
- Yahoo
Why Globalstar (GSAT) Stock Is Up Today
Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 5.4% in the morning session after the company announced it signed a launch services agreement with SpaceX. The deal is for a Falcon 9 launch to send the next set of Globalstar's satellites into orbit, which are being built by Macdonald, Dettwiler and Associates Corporation (MDA). 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.
Business Wire
07-07-2025
- Business
- Business Wire
Globalstar Signs Launch Services Agreement with SpaceX
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that the Company has signed an agreement with SpaceX for a Falcon 9 launch for the next set of satellites, pursuant to the 2022 satellite procurement agreement with MDA. As previously disclosed, these satellites will provide continuous satellite services in combination with the existing second-generation satellites in operation today. Globalstar expects the launch will take place next year following the initial launch this year. These satellites have been authorized by the Federal Communications Commission to operate under Globalstar's HIBLEO-4 filing for a renewed 15-year term. Globalstar CEO Dr. Paul Jacobs stated 'The launch services agreement with SpaceX represents another important milestone as we continue to execute on our construction and launch plan. These satellites, constructed by our partners at MDA and Rocket Lab, will enhance our ability to provide the highest quality satellite services to our customers over the long-term.' About Globalstar, Inc. Globalstar empowers its customers to connect, transmit, and communicate smarter – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company's low Earth orbit ("LEO") satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar's terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar's XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation Internet of Things ("IoT") hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit
Newsweek
18-06-2025
- Entertainment
- Newsweek
Water Park Visitors Buy Ride Photos—Not Prepared for What They Get
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A video about a water park visit in Spain took an unexpectedly hilarious turn for some visitors, whose souvenir photos were altered in bizarre ways, has gone viral on TikTok. The short clip, posted by @danielleseagrave, captures the aftermath of purchasing around $40 worth of ride photos at Aqualand Maspalomas, an amusement park in Maspalomas on the Spanish island of Gran Canaria. The clip has been viewed 1.6 million times since it was shared on June 1. "Paid €35 [around $40] for pictures at the water park only to zoom in an hour later and notice the facial recognition has screwed us over..." text overlaid on the video reads. The video later shows close-up shots of the riders' faces, which are distorted and altered, with some eyes appearing unnaturally large or misaligned, seemingly altered by artificial intelligence. Despite the flawed visuals, the TikToker stood by the purchase. "The best €35 spent in my opinion," reads a caption on the video. While the viral video was shared in good humor, it also underscores growing public concern around the role of AI in photography. A June 2024 paper in the International Journal of Modern Engineering & Management Research highlights how AI is reshaping image processing across industries, but not without controversy. "Artificial Intelligence (AI) has significantly transformed various industries, with photography being one of the most profoundly affected," the paper notes. However, it also warns that "AI's ability to manipulate images, particularly through advanced tools like deepfakes and neural filters, raised concerns among both professionals and the general public." The study found that 42 percent of respondents were concerned that AI-generated manipulations could compromise the authenticity of images. Meanwhile, 30 percent of professionals cited fears that AI tools might be misused for deception or distortion. 'Crying' While AI is increasingly being used to enhance digital photography, the instance in the viral video appears to show how algorithms can also produce unintended and humorous effects. Viewers on TikTok were amused by the photos shown in the viral video and flooded the comments section with their reactions. "Sorry but this has made me laugh so much," wrote user lozmach, while deeljones simply commented, "Crying." The original poster replied: "Couldn't stop laughing." One user, Jennisykes, who had visited the park a day earlier, commented: "We went yesterday charged us 40. Pics are hilarious. Legs are killing us all today." Asked whether their own pictures were similarly glitched, Jennisykes responded: "No. our eyes are ok. don't know what's happened to yours lol xxxxxx." Another viewer, Paul Jacobs, speculated that AI might be to blame, saying: "I'm guessing it's low resolution cameras using AI to increase the image sizes with some wonky results." The original poster responded with tongue-in-cheek enthusiasm: "Great results." User @k_dolly_cat commented: "I'd ask for a refund what in the ai...." The original poster replied: "I honestly feel like the money was worth it for the amount of times I've laughed." Newsweek reached out to the original poster via TikTok and the park via its website contact form for comment. This video has not been independently verified. Stock image: A couple going down a slide at a water park. Stock image: A couple going down a slide at a water park. Getty Do you have a travel-related video or story to share? Let us know via life@ and your story could be featured on Newsweek.
Yahoo
11-06-2025
- Business
- Yahoo
GSAT Q1 Earnings Call: New IoT Launches and Satellite Investments Shape Outlook
Satellite communications provider Globalstar (NASDAQ:GSAT) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 6.3% year on year to $60.03 million. On the other hand, the company's full-year revenue guidance of $272.5 million at the midpoint came in 3.1% above analysts' estimates. Its non-GAAP loss of $0.09 per share was 33.7% below analysts' consensus estimates. Is now the time to buy GSAT? Find out in our full research report (it's free). Revenue: $60.03 million vs analyst estimates of $63.83 million (6.3% year-on-year growth, 5.9% miss) Adjusted EBITDA: $30.35 million vs analyst estimates of $31.21 million (50.6% margin, 2.8% miss) The company reconfirmed its revenue guidance for the full year of $272.5 million at the midpoint Market Capitalization: $2.68 billion Globalstar's first quarter performance was shaped by continued expansion in its wholesale capacity services and increased adoption within its commercial Internet of Things (IoT) offerings. Management attributed service revenue growth to higher demand for wholesale capacity and the successful introduction of new IoT devices and services. CFO Rebecca Clary emphasized the impact of ongoing investments in the XCOM RAN product, which led to higher costs but was offset by revenue gains from core businesses. CEO Paul Jacobs highlighted the company's execution on its product roadmap, pointing to the recent launch of a two-way satellite IoT solution, and mentioned that the company's refocused product development team accelerated new releases using Globalstar's existing satellite infrastructure. These factors collectively influenced Globalstar's quarterly results. Looking forward, Globalstar's guidance is anchored in expectations for sustained demand across its IoT and terrestrial network platforms, along with anticipated contributions from newly launched products and partnerships. CEO Paul Jacobs stated, 'We're seeing this device ecosystem expand consistently with promising growth trajectories in our wholesale partnerships and our IoT and terrestrial network business lines.' Management views the upcoming commercial deployment of XCOM RAN and the progress on next-generation satellite constellations as key growth drivers. However, the team also noted potential headwinds related to the timing of large customer launches and global trade uncertainties. CFO Rebecca Clary explained that Globalstar has strategies in place to mitigate tariff impacts, suggesting any near-term effects should be minor. The company expects continued operational investments and new executive hires to further strengthen its go-to-market capabilities. Management attributed the quarter's results to growing wholesale capacity services, ongoing investments in terrestrial network technology, and the successful launch of new IoT solutions. Wholesale capacity momentum: The company saw continued demand from wholesale customers, especially for capacity services linked to its satellite network, which was a significant contributor to service revenue growth this quarter. Commercial IoT adoption: Average subscriber numbers and engagement levels rose for Globalstar's commercial IoT devices, reflecting customer interest in new two-way satellite solutions that support applications like fleet tracking and precision agriculture. XCOM RAN development costs: Upfront investments in the XCOM RAN product, a terrestrial wireless network solution, increased expenses and modestly weighed on margins. Management views these costs as necessary for long-term profitability in this segment. Leadership and operational upgrades: Two experienced executives joined the management team to lead the terrestrial network and wholesale consumer businesses, aiming to accelerate market expansion. Additionally, the opening of a new satellite operations center in Louisiana is expected to enhance fleet management and network performance. Tariff mitigation strategies: Management outlined flexible manufacturing and global supply chain approaches to limit the impact of evolving trade tariffs, with the ability to shift production and pass through some costs to customers if needed. Globalstar's outlook centers on expanding IoT and terrestrial network offerings, commercializing new technology, and managing external risks such as customer launch timing and tariff changes. IoT and terrestrial network growth: The company expects increased adoption of its new two-way satellite IoT solution and the upcoming commercial deployment of XCOM RAN to drive future revenue, especially as use cases in sectors like logistics and agriculture expand. Satellite constellation investments: Significant capital is being allocated to next-generation satellite launches, with contracts in place for both near-term replacement satellites and a larger, extended constellation. Management believes these investments will underpin service growth and long-term customer contracts. External headwinds and mitigation: While management anticipates minimal near-term financial impact from tariffs due to flexible supply chain arrangements, they acknowledge that the timing of large partner launches and the broader trade environment remain risks that could influence revenue and profitability. In the coming quarters, the StockStory team will be monitoring (1) the commercial rollout and customer adoption of XCOM RAN, (2) progress on the next-generation satellite constellation launches and associated service milestones, and (3) the pace of new IoT device deployments and subscriber growth. Execution on mitigating external risks, including tariffs and customer launch schedules, will also be important to track. Globalstar currently trades at a forward EV-to-EBITDA ratio of 25.8×. At this valuation, is it a buy or sell post earnings? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Irish Sun
08-06-2025
- Entertainment
- The Irish Sun
Katie Price sparks concern with her skinny frame as she performs on stage in tiny bodysuit
KATIE Price has sparked new concerns after showing off her tiny frame while performing on stage. The 7 Katie Price showed off her tiny frame in a bodysuit on the stage Credit: Paul Jacobs/ 7 The performer stripped down to a back thong bodysuit with a bejeweled belt and hat Credit: Paul Jacobs/ Her boyfriend JJ Slater's ex-girlfriend, Married At First Sight star Ella Morgan, was also down on the line-up. Taking to the stage, Katie channeled her inner pop princess, donning a tiny black thong bodysuit that She strutted on stage in a frilled pink jacket and a giant, jewel-encrusted hat embossed with the word "Pricey" in pink rhinestones, which matched a tiny silver belt around her hips. Over the course of her set, she sang songs including a piano led version of RnB classic (We Don't Have To Take Our) Clothes Off and Tell It To My Heart by Taylor Dayne, and A Whole New World – which she previously released as a single with ex-husband Peter André. READ MORE KATIE PRICE But as she shed her shimmering jacket and danced in just her bodysuit, Katie's slim frame – But the performer, podcaster and model has Speaking on her Snapchat in May, Katie said in the clip: "Yes I've lost weight. "Yes that what I've wanted to do, I've wanted to lose weight. Most read in Showbiz "Because the past three, four years ago when I broke my feet and I was in a wheelchair for 10 months because they said I'd never walk again, and obviously you put weight on being in a wheelchair. "And then I did all the IVF stuff, that also puts on weight. Katie Price boasts she earns 'really good money' but claims she can't rent anywhere to live after bankruptcy hell "So yeah I did put on weight and I hated it, I felt uncomfortable and it wasn't me." She then explained how, after finishing her failed IVF treatment, she became more active with healthy eating. "Everyone is talking about it - it's driving me mad," she said. "I'm healthy and I do eat. "If you look at old old pictures of me in the Jordan days, I was always skinny. "But today where i have lost weight, I feel, my butt looks like a deflated balloon." Some fans have asked Katie whether she has taken popular weight loss jabs to shed the pounds - but the star, who has been open in the past about procedures she's gone through, has strongly denied it . 7 The star has sparked concern with her tiny frame in the past Credit: Paul Jacobs/ 7 Fans cheers on the star as she performed on stage Credit: Portsmouth Pride 7 The singer showed off her bum as she danced in the outfit Credit: Portsmouth Pride 7 Confetti rained down on the star as she wrapped up her set Credit: Portsmouth Pride 7 Katie was one of three main stars performing at the Pride event Credit: Portsmouth Pride
