10:29 AM EDT, 10/23/2025 (MT Newswires) -- Globalstar ( GSAT ) Chair James Monroe has talked to associates about the possibility of selling the satellite company for over $10 billion, The Information reported Thursday, quoting unnamed sources.

Globalstar's ( GSAT ) market capitalization on Thursday morning was at about $5.66 billion, according to Yahoo Finance data.

The Information reported Thursday that SpaceX, in anticipation of a possible future deal with Apple (AAPL), has added support in its satellite designs for the same radio spectrum that Apple uses for the iPhone's satellite features, which are now provided by Globalstar ( GSAT ).

Globalstar ( GSAT ) didn't immediately respond to a request for comment by MT Newswires.

Globalstar ( GSAT ) shares were up past 7% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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