Globalstar, SpaceX Launch Services Agreements Provide For Launch Of First Set Of Satellites Company Is Acquiring Pursuant To Its Previously Disclosed Agreement
Portfolio Pulse from Benzinga Newsdesk
Globalstar has entered into Launch Services Agreements with SpaceX for the launch of the first set of satellites it is acquiring. The launch window is set for 2025 and will require Globalstar to make periodic payments totaling $64 million between now and the completion of the launch.
August 31, 2023 | 10:08 am
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Globalstar's agreement with SpaceX for satellite launch services could potentially boost its operational capabilities and market position. However, the $64 million cost could impact its short-term financials.
The partnership with SpaceX could enhance Globalstar's operational capabilities and market presence, potentially leading to long-term benefits. However, the $64 million cost for the launch services could strain its financial resources in the short term, potentially affecting its stock price.
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