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La Plata Today
By the People, for the People
Globalstar Reports Record 2025 Revenue, Hopeful for 2 SpaceX Launches in 2026
Mobile satellite service provider sees growth in wholesale contract with Apple and commercial IoT revenue.
Published on Mar. 5, 2026
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Globalstar Inc. reported a record $273 million in revenue in 2025 and $7.4 million in operating income, with most of the revenue growth coming from its wholesale service contract with Apple. The company also saw a 4% increase in commercial IoT revenue, to $27.2 million, with both subscription and hardware sales contributing to the growth.
Why it matters
Globalstar's strong financial performance and growth in key business areas like IoT demonstrate the company's ability to capitalize on the increasing demand for mobile satellite services and connectivity. The company's relationship with Apple and potential SpaceX launches also highlight its strategic partnerships and technological capabilities.
The details
Globalstar reported a record $273 million in revenue in 2025, up from a $900,000 loss in 2024. The company saw most of its revenue growth come from its wholesale service contract with Apple. Globalstar also reported a 4% increase in commercial IoT revenue, to $27.2 million, with both subscription and hardware sales contributing to the growth. However, the company did incur a $1.1 million charge in the form of tariffs on imported hardware that was then re-exported.
- Globalstar reported its 2025 financial results in March 2026.
The players
Globalstar Inc.
A mobile satellite service provider that offers voice, data, and IoT services globally.
What’s next
Globalstar is hopeful for two SpaceX launches in 2026, though it is only certain of one launch at this time.
The takeaway
Globalstar's strong financial performance and growth in key business areas like IoT demonstrate the company's ability to capitalize on the increasing demand for mobile satellite services and connectivity, despite facing some challenges like tariffs on imported hardware.
