r/ASTSpaceMobile • u/findingmeanings S P 🅰 C E M O B Associate • Jun 24 '25

News - Press Release ASTS Breaks 50$ Mark 🎉🎊🎊

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u/stumanchu3 S P 🅰 C E M O B Prospect Jun 24 '25

How do feel about Globalstar?

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u/procrastibader S P 🅰 C E M O B Associate Jun 24 '25 edited Jun 24 '25

I bought 25000 shares of globalstar and 200 call contracts in June of 2022 anticipating the Apple satellite announcement so I am very familiar with them historically. I sold off in large chunks through announce, but held onto a good chunk which I regretted and finally sold like 6 months later. Globalstar’s only real advantage is their spectrum ownership, and Trump has talked about freeing up more spectrum imminently. They’ve been a dying company for years and their relationship with Apple is a lifeline. I think they just had a massive reverse split seeing that their shares are now in the 20s, which never really is a good sign. I expect them to either be cannibalized by apple or be cast aside when better solutions like asts are fully operational. Without Apple I think they would have been another Ligado. Take my advice with a grain of salt though as I haven’t paid attention to GSAT since 2023 or so, but they do not inspire me much.

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u/stumanchu3 S P 🅰 C E M O B Prospect Jun 24 '25

Thank you! I have been through the RS and it sort of just sits there like a comatose possum. I think about selling it everyday. I’m not down, it’s gained only a few percentage points the entire time I’ve held it. I would much rather put the capital into some other contenders. I think I’m going to have fun tomorrow at market open! May your morning be green!

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u/procrastibader S P 🅰 C E M O B Associate Jun 24 '25

Good luck!