Globalstar, Inc.
Globalstar, Inc. (NASDAQ: GSAT) is trading at $82.88, about ₹7,950 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.51% today. Indian residents can buy Globalstar from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$82.44
Today's high
$82.97
52 week low
$34.42
52 week high
$84.85
GSAT opened at $82.86, closed previously at $82.46, and has traded between $34.42 and $84.85 over the past 52 weeks.
About
Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities. They also offer SPOT Trace, an advanced device designed for anti-theft and asset monitoring. The company also provides commercial one-way data transmission solutions for the Internet of Things (IoT), enabling the tracking of cargo containers and rail cars, alongside the monitoring of utility meters and critical oil and gas infrastructure. Additionally, Globalstar offers wholesale airtime to independent gateway operators (IGOs) and delivers specialized engineering support, encompassing custom hardware and software design for bespoke applications, alongside the installation of gateway infrastructure and antennas. Its distribution network is multifaceted, encompassing direct sales channels and a broad ecosystem of independent agents, authorized dealers, resellers, retailers, its internal sales team, independent gateway operators (IGOs), and its e-commerce platform. By the close of 2020, the company boasted roughly 745,000 subscribers. Their diverse clientele spans sectors such as recreation and personal use, government agencies, public safety and disaster relief organizations, oil and gas, maritime and fishing, construction, utilities, transportation, and various natural resources industries including mining and forestry. Globalstar maintains a strategic partnership with XCOM Labs, aimed at the joint commercialization of XCOM's advanced capacity-enhancing technology in conjunction with Globalstar's n53 spectrum for 5G deployments. This collaboration targets implementation within the United States and other nations where Globalstar possesses terrestrial spectrum rights. Established in 1993, Globalstar's corporate headquarters are situated in Covington, Louisiana.
Key statistics
Avg. volume
1.05M
Market cap
$10.67B
P/E Ratio
-161.72
Price-to-sales ratio
38.03
Enterprise value
$10.68B
Free cash flow yield
1.70%
Debt-to-equity ratio
1.41
Return on equity
-17.64%
ROIC
0.61%
Beta
1.50
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$272.99M
Earnings per share
-$0.15
Free cash flow
$513.56M
Net profit margin
-21.31%
Gross margin
49.17%
EBITDA
$84.63M
Revenue growth
9.04%
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This is not an investment recommendation
How to buy Globalstar from India
Indian residents can buy Globalstar shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Globalstar and place an order
Find Globalstar by name or by its ticker, GSAT, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Globalstar trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Globalstar position in USD and INR. Globalstar pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Globalstar from India
Trading and taxes when buying Globalstar from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneGlobalstar does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Globalstar stock?
Yes. Globalstar (GSAT) has been listed on NASDAQ since 2006, in the Telecommunications Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Globalstar share cost in rupees?
One Globalstar share is $82.88 — about ₹7,950 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Globalstar price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Globalstar from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Globalstar?
Yes. One Globalstar share is $82.88, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Globalstar.
How are gains on Globalstar shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Globalstar price. Paasa issues a capital-gains statement for your return.
Does Globalstar pay a dividend?
No. Globalstar does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Globalstar from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Globalstar shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Globalstar shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Globalstar holding, its cost and its closing value.
How do I sell Globalstar and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.