Globalstar Signs Launch Services Agreement with SpaceX

Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that the Company has signed an agreement with SpaceX for a Falcon 9 launch for the next set of satellites, pursuant to the 2022 satellite procurement agreement with MDA. As previously disclosed, these satellites will provide continuous satellite services in combination with the existing second-generation satellites in operation today. Globalstar expects the launch will take place next year following the initial launch this year. These satellites have been authorized by the Federal Communications Commission to operate under Globalstar’s HIBLEO-4 filing for a renewed 15-year term.

Globalstar CEO Dr. Paul Jacobs stated “The launch services agreement with SpaceX represents another important milestone as we continue to execute on our construction and launch plan. These satellites, constructed by our partners at MDA and Rocket Lab, will enhance our ability to provide the highest quality satellite services to our customers over the long-term.”