Globalstar is in sales talks with SpaceX.

Globalstar (GSAT) has initiated early-stage discussions with SpaceX to explore a potential sale process. As a significant player in the satellite communication services sector, Globalstar aims to increase its market share through partnerships of this nature as part of its growth strategies.

Although the details of the discussions have not yet been made public, this interaction with a major firm like SpaceX stands out as a development that may attract investor interest and offer new opportunities. Globalstar plans to contribute to the space industry with its high-quality communication infrastructure while progressing toward meeting market needs.