Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Globalstar, Inc. is a U.S.-based satellite communications company that provides mobile satellite voice and data services using a low Earth orbit (LEO) satellite constellation. The company operates primarily in the satellite telecommunications and wireless infrastructure industries, serving commercial, industrial, governmental, and consumer markets that require connectivity beyond the reach of terrestrial networks.
Globalstar’s core revenue drivers include mobile satellite services, simplex and duplex data products, and licensed spectrum assets, most notably its terrestrial and satellite spectrum holdings used for emerging wireless applications. The company is uniquely positioned through its ownership of globally coordinated spectrum, including Band 53 (n53), and through long-term service and capacity arrangements with large technology partners. Founded in 1991 by Bernard Schwartz, Globalstar was originally backed by Loral Corporation and Qualcomm Incorporated, filed for bankruptcy in the early 2000s following initial constellation challenges, and later restructured and rebuilt its satellite network, re-emerging as a focused satellite services and spectrum company.
Business Operations
Globalstar generates revenue primarily through its Mobile Satellite Services (MSS) segment, which includes voice, duplex data, and simplex data services delivered via its LEO satellite constellation. Its product portfolio includes satellite phones, data modems, and the widely used SPOT branded consumer and commercial tracking and emergency communication devices. The company also derives revenue from service fees, equipment sales, and long-term capacity and spectrum-related arrangements.
Operations are supported by a constellation of second-generation satellites, ground infrastructure, and terrestrial spectrum rights. Globalstar conducts business both domestically and internationally through a combination of direct operations and independent gateway operators and distributors. A significant operational relationship includes long-term service agreements supporting emergency messaging and satellite connectivity features for consumer electronics manufacturers, which utilize Globalstar’s satellite network and licensed spectrum. The company operates through subsidiaries including Globalstar Licensee LLC and Globalstar Europe Satellite Services Ltd..
Strategic Position & Investments
Strategically, Globalstar is focused on monetizing its spectrum assets and expanding the utility of its satellite network through partnerships with large-scale technology and device ecosystem participants. A central pillar of its strategy is the development and commercialization of Band n53 for terrestrial and hybrid satellite-terrestrial wireless applications, positioning the company as a spectrum infrastructure provider rather than solely a retail satellite service operator.
Globalstar has made significant capital investments in maintaining and extending the life of its satellite constellation and ground infrastructure. It has also entered into long-term financing and capacity agreements with strategic partners to support satellite upgrades and new service capabilities. The company is involved in emerging sectors including direct-to-device satellite connectivity, IoT asset tracking, and emergency communications, where satellite-based redundancy and coverage are critical. Details of certain investment structures and long-term commitments are complex, and some aspects remain Data inconclusive based on available public sources.
Geographic Footprint
Globalstar is headquartered in Covington, Louisiana, and operates a globally distributed satellite network that provides coverage across much of North America, South America, Europe, Asia, and parts of Africa and Australia. Its services are available in over 120 countries through a combination of owned gateways and international service providers.
The company maintains a strong presence in the United States as its largest market, while also supporting international customers through regional distribution partners and spectrum rights in multiple jurisdictions. Globalstar’s licensed spectrum portfolio gives it operational and investment influence in key wireless markets beyond its direct retail service footprint.
Leadership & Governance
Globalstar is led by an executive team with experience in telecommunications, wireless technology, and satellite operations. The leadership emphasizes long-term spectrum value creation, disciplined capital allocation, and strategic partnerships with large technology companies.
Key executives include:
- Paul E. Jacobs – Chief Executive Officer
- Paul E. Jacobs – Chairman of the Board
- Kris Thompson – Chief Financial Officer
- Theresa Gattuso – General Counsel and Secretary (role verification based on public disclosures; title scope may vary)
Founder Bernard Schwartz played a central role in the company’s early development and remains an influential figure historically. Certain executive responsibilities and role delineations have evolved over time, and some details are Data inconclusive based on available public sources.