Interesting article this weekend in Barrons. I copied and pasted a few bits of the article below.
https://www.barrons.com/articles/globalstar-satellites-qualcomm-paul-jacobs-738c0b98?mod=hp_DAY_2
"Globalstar Satellites Could Score for Small Devices, IoT, Says New Boss"
While it has operated a constellation of satellites for decades, Globalstar GSAT +2.78% has struggled to turn a profit and rise above the level of a penny stock. Judging by moves in its share price, some investors think that could change.The voice and data network (ticker: GSAT) revealed a new strategy this week. It replaced its leaders with a team of veterans from the wireless chip maker Qualcomm QCOM +0.75% (QCOM).
...
Globalstar has capital to pursue such ambitions, thanks to a $250 million prepayment Apple made this year in a partnership that is providing emergency messaging services for new iPhones. Those funds will help upgrade the system’s satellite and terrestrial technologies.
Jacobs said that Globalstar’s system can evolve more easily than other legacy satellite networks, because all of its signal processing takes place on the ground—with its satellites simply bouncing back signals like mirrors. Compared with newer satellite systems like OneWeb, Viasat VSAT +4.15% (VSAT), or the Starlink service of SpaceX, the Globalstar technology is better suited for small, mobile devices, said Jacobs."
Ann: Webinar Investor Presentation, page-53
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