GSAT
Globalstar, Inc. Common Stock
NASDAQ: GSAT · COMMUNICATION SERVICES · TELECOM SERVICES
$82.25
-1.40% today
Updated 2026-06-05
Market cap
$10.45B
P/E ratio
—
P/S ratio
36.93x
EPS (TTM)
$-0.15
Dividend yield
—
52W range
$22 – $85
Volume
1.7M
Globalstar, Inc. Common Stock (GSAT) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed GSAT price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$82.25
Today
Analyst consensus
$69.00
-16.11% · 12M
2030 Base
$147.48
+79.31% future
NPV today
$83.61
@ 13% WACC
6 analysts:
2 Buy3 Hold1 Sell
Management guidance
No explicit revenue guidance for 2026-2030 identified in public filings. However, Amazon's $11.57B acquisition (announced Apr 14, 2026, ~$90/share) signals confidence in Globalstar's strategic value and spectrum assets. CEO Paul Jacobs has emphasized satellite constellation modernization and infrastructure investment to support direct-to-device services, but specific revenue targets through 2030 have not been disclosed.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
GSAT · Globalstar, Inc. Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$70.61
NPV today: $40.03
Base case (2030)
$147.48
NPV today: $83.61
Bull case (2030)
$285.86
NPV today: $162.07
WallStSmart.com
GSAT financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.3B | $0.4B | $0.6B | $0.7B | $0.8B | $1.0B |
| Revenue growth | 9.0% | 19.1% | 27.7% | 24.8% | 18.1% | 15.0% |
| Net margin | — | -2.6% | 4.2% | 7.8% | 8.9% | 9.2% |
| EPS | — | $-0.08 | $0.18 | $0.42 | $0.58 | $0.71 |
| Diluted shares | — | 129M | 129M | 130M | 130M | 130M |
| Net debt | — | $436.02M | $325.86M | $185.67M | $15.43M | $-184.85M |
| P/S multiple | — | 19.0x | 19.0x | 19.0x | 19.0x | 19.0x |
| Implied price (base) | — | $55.51 | $78.30 | $101.22 | $124.28 | $147.48 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B |
| P/S multiple | 9.0x | 19.0x | 37.0x |
| Diluted shares | 130M | 130M | 130M |
| Net debt | $-184.85M | $-184.85M | $-184.85M |
| Implied P/E † | 100x | 208x | 403x |
| 2030 Price | $70.61 | $147.48 | $285.86 |
| NPV @ 13% | $40.03 | $83.61 | $162.07 |
† Implied P/E: Multiples remain elevated across all three scenarios because GSAT is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $147.48 base case
GSAT catalysts and risks
Growth catalysts
+ Amazon acquisition closing (expected 2027) — integration of Globalstar into Amazon Leo and direct-to-device infrastructure
+ HIBLEO-4 satellite replenishment launch with SpaceX — enhances network reliability and capacity
+ Apple partnership expansion — Emergency SOS and future D2D services on iPhone/Apple Watch driving MSS demand
+ FCC spectrum rulings — favorable regulatory environment for satellite-terrestrial interop and D2D services
+ Commercial/enterprise wholesale capacity monetization — cloud providers, telcos seeking redundant satellite backhaul
Key risks
- Amazon acquisition regulatory approval uncertainty — FCC, DOJ, international reviews could delay or block deal
- Revenue integration risk post-acquisition — Amazon may redirect Globalstar customers to internal Leo/Kuiper, cannibalizing standalone growth
- Earnings volatility — despite TTM revenue growth +11.5%, quarterly profitability remains highly negative (Q1 2026: -$17.4M net loss) and unpredictable
- Valuation cliff if acquisition fails — current $10.6B market cap justified primarily by Amazon deal; standalone valuation likely 60-70% lower
- Satellite constellation capex intensity — ongoing HIBLEO refreshes and modernization require sustained high capex; free cash flow remains constrained
- Competitive pressure from Starlink/Kuiper — SpaceX dominates commercial LEO; Amazon/Kuiper post-acquisition may cannibalize third-party MSS demand
Methodology · Globalstar, Inc. Common Stock 2030 stock forecast model
Globalstar, Inc. Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for GSAT by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-184.85M by 2030) |
| 3. Time value | NPV calculated using 13% WACC (CAPM: beta 1.56) |
| 4. Multiple framework | P/S compresses with scale: bear 9.0x / base 19.0x / bull 37.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
GSAT price target FAQ
What is the GSAT price target for 2030?
WallStSmart's Globalstar, Inc. Common Stock 2030 base case is $147.48 per share, with a bull case of $285.86 and bear case of $70.61. The NPV of the base case discounted to today at 13% WACC is $83.61.
How is the Globalstar, Inc. Common Stock 2030 stock forecast calculated?
The GSAT 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the GSAT price target account for dilution?
Globalstar, Inc. Common Stock is projected to grow diluted share count from 129M to 130M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on GSAT stock?
6 analysts cover GSAT with an average 12-month price target of $69.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.