Lyman Delano's questions to Globalstar Inc (GSAT) leadership • Q4 2024
Question
Lyman Delano of Beck, Mack & Oliver asked for clarification on the new satellite contracts, specifically whether the 50 Aurora satellites represent a new constellation or an upgrade to the existing one. He also requested an update on the large constellation filing made with the ITU via Germany in 2020.
Answer
CEO Paul Jacobs clarified that the Aurora satellites constitute a new constellation but are designed to be interoperable with the existing satellites, operating at the same altitude and using the same spectrum. Regarding the 2020 German filing, Jacobs described it as a strategic move to create future optionality for potentially larger constellations, a common practice in the industry.