Globalstar, Inc. operates a global network of low Earth orbit (LEO) satellites and ground stations to deliver mobile satellite services (MSS) in areas where terrestrial cellular networks are unavailable or unreliable. The company's business segments include duplex two-way voice and data products, simplex one-way IoT telemetry devices, and wholesale capacity services. Its consumer-facing products include the SPOT family of satellite messengers and GPS trackers, which are widely used for recreation and emergency preparedness. In the commercial sector, Globalstar provides IoT solutions for tracking cargo containers, monitoring utility meters, and managing assets in the oil and gas, maritime, and agriculture industries. A significant portion of the company's revenue is derived from a wholesale capacity agreement with Apple Inc., which utilizes Globalstar's network to enable satellite-based emergency messaging capabilities on its smartphones.
