Story perspectives

Globalstar's HIBLEO-XL-1 to Boost Satellite Connectivity and Shares

9/17/2025

Summary

Story summary

Globalstar plans to launch the HIBLEO-XL-1 satellite system to improve mobile satellite connectivity.
The system will feature additional satellites, orbital shells, and frequency bands.
CEO Dr. Paul Jacobs highlighted potential growth in the $1.8 trillion space economy by 2035.
Globalstar's previous $1.5 billion investment in the C-3 system will add 48 satellites and 90 ground stations.
Following the announcement, shares rose 3% but later stabilized at $30.91.

1 of 1

Story summary

Globalstar plans to launch the HIBLEO-XL-1 satellite system to improve mobile satellite connectivity.
The system will feature additional satellites, orbital shells, and frequency bands.
CEO Dr. Paul Jacobs highlighted potential growth in the $1.8 trillion space economy by 2035.
Globalstar's previous $1.5 billion investment in the C-3 system will add 48 satellites and 90 ground stations.
Following the announcement, shares rose 3% but later stabilized at $30.91.