@GSAT to the moon?

Submitted by ReliefDistinct74 t3_11e8e3o in wallstreetbets

Globalstar (an american satellite communications company which Apple picked 6 months ago to provide emergency satellite service on iPhone 14 ) has apparently received additional $252 million from Apple to fund a globally upgraded ground station infrastructure and launch a new satellite constellation:

https://finance.yahoo.com/sec-filing/GSAT/0001366868-23-000017_1366868

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Already up 8% at pre market, seems like Apple really believes in that company for the long term.

Besides that, yesterday Spain authorized the company to provide complementary terrestrial services, over its mobile satellite spectrum including LTE and 5G compliant services via Band 53/n53 :

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https://finance.yahoo.com/news/spain-grants-globalstar-terrestrial-authorization-224200441.html

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I think at -42% during the last 6 months there's a lot to go up from here...so buckle up and get ready to launch!

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Comments

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workinguntil65oridie t1_jacu950 wrote

You get in during the last pump? Investing in a space related company during rate hike cycle is a bad idea

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ReliefDistinct74 OP t1_jacui7n wrote

Actually it's a great idea, think for the long term and buy the dip!

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send_bobz_plz5678 t1_jad8tyf wrote

Post your garbage elsewhere. This isn't r/investing

OPTIONS PLAYS ONLY. This sack of shit doesn't count for a yolo play.

Also, ASTS > GSAT. Sorry about your bags.

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ReliefDistinct74 OP t1_jadcc0t wrote

LOL. GSAT's market cap and avg volume are 2x than asts. @AAPL already invested 0.5b$ in @GSAT in the last 6 months and might even purchase them in the near future. Got no bags cuz my average is 1.05$ so you can either join the ride with GSAT🚀 or watch us from below with your asts stonks 😂

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VisualMod t1_jacqogh wrote

User Report
Total Submissions 3 First Seen In WSB 6 months ago
Total Comments 48 Previous Best DD
Account Age 6 months [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
>TL;DR: Globalstar is a good pick for long term investment and has the future in its hands regarding satellite communications.
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VisualMod t1_jacqp1k wrote

>It looks like Globalstar is a company with potential. I'm impressed that Apple has invested in them. I will keep an eye on this stock and see if it is worth investing in.

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