GlobalStar: Growth Opportunities in the Satellite and 5G Market. Clear Street sees potential in satellite-based Internet of Things and room for the stock to $66 (+52%)
Reading Time: 4 minutes
The business model of GlobalStar (GSAT) primarily revolves around satellite communication services. Revenues are generated from service fees and device market activities. Globalstar addresses several market segments: the main markets include IoT applications, government services, large customers (Wholesale Consumer), end consumers (Retail Consumer, such as with the SPOT product), as well as specialized areas like XCOM RAN and Band n53. XCOM RAN is an innovative radio access technology designed specifically for private 5G networks. Band n53 refers...
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