France's Ministry for Digital and Ministry for Space have authorized Globalstar France SAS to operate its third-generation C-3 Mobile Satellite Services system, allowing use of frequencies and launch of satellites for 20 years. The C-3 system, consisting of 48 LEO satellites and ground stations worldwide, aims to provide next-generation device-to-device connectivity globally. This approval is part of growing international regulatory support, with over 20 countries now authorizing C-3 operations, covering markets with over one billion people. Globalstar plans to launch the C-3 system next year, enhancing global satellite communication capabilities.
Following France's authorization of Globalstar's third-generation C-3 system for international use, GSAT shares have shown positive momentum. On Pluang, GSAT trades at USD 85.31 with a 1-day gain of 1.17% as of Nov 09, 2026 21:31 WIB. The stock holds a market cap of $10.93 billion and investors typically hold it for about 25 days.
