In the shadow of its Apple deal, Globalstar’s commercial IoT service revenue grew 17% in 2023

by Peter B. de Selding

LA PLATA, Maryland — Globalstar Inc., whose revenue is mainly from mobile satellite services but whose ambitions are equally satellite and terrestrial-wireless, reported a 17% growth in its commercial IoT business in 2023 following a 9% increase in subscribers and at 7% increase in per-subscriber monthly revenue.

The Globalstar story is still mainly one of a wholesale-capacity services deal with Apple that is funding 17 new Globalstar satellites for Apple’s emergency messaging service on iPhones and providing most of Globalstar’s current revenue. The 17 satellites . . .

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