Michael Ridgeway's questions to Globalstar Inc (GSAT) leadership • Q2 2025
Question
Michael Ridgeway of Robertson Stephens Wealth Management, LLC asked for updates on several key areas, including the international terrestrial retail opportunity, new use cases and verticals for XCOM RAN, the potential for licensing the XCOM RAN technology, the roadmap for international licenses, and the technical feasibility of spectrum sharing.
Answer
CEO Paul Jacobs explained that while enterprise sales cycles for terrestrial opportunities are long, progress is positive and expanding. For XCOM RAN, he noted a shift from a pure licensing model to focusing on product sales and a potential 'network as a service' offering for industrial and government verticals. Regarding international licenses, Jacobs stated the current priority is authorizing the C3 system, with other licenses to follow as opportunities arise. He firmly refuted competitors' spectrum sharing claims, emphasizing Globalstar's technical expertise and strong regulatory standing.