Core Insights - Globalstar, Inc. (GSAT) is implementing an expansion strategy to utilize its HIBLEO-XL-1 satellite system, aiming to enhance next-generation connectivity for various sectors as the global space economy is projected to reach $1.8 trillion by 2035 [1][4] Company Strategy and Investments - Over the last two decades, Globalstar has invested billions in satellite technology, focusing on low Earth orbit (LEO) innovations to provide essential connectivity for industries such as maritime, aviation, defense, and energy [2] - The company is upgrading its network infrastructure and has initiated a global ground upgrade for its new Extended MSS Network (C-3 system) [2] Infrastructure Development - Globalstar is constructing a new gateway at its ground station in Greece and expanding its Singapore ground station with two additional 6-meter tracking antennas to support the C-3 system [3] - A significant investment of $1.5 billion has been made for the C-3 satellite constellation, which includes 48 new satellites and approximately 90 new ground station antennas worldwide [4] Satellite Launch Plans - GSAT has signed a launch agreement with SpaceX for a Falcon 9 mission to deploy nine replacement satellites, with the first launch scheduled for 2025 and a second in 2026 [4][9] Next-Generation Capabilities - The HIBLEO-XL-1 filing indicates a shift towards next-generation MSS capabilities, adding more satellites and a broader frequency spectrum beyond existing bands [5][9] Market Position and Performance - GSAT's shares have increased by 79.8% over the past year, while the Zacks Satellite and Communication industry has grown by 119.7% [11] - The stock is trading at a forward 12-month price/sales ratio of 13.5X, significantly higher than the industry's 1.29X [12] Earnings Estimates - Consensus estimates for GSAT's 2025 earnings have been revised up by 77% to a projected loss of 8 cents per share, while 2026 earnings estimates have increased by 200% to a profit of 1 cent per share [13]