GSAT vs. SPCX: Globalstar vs. Space Exploration Stock Comparison
How do Globalstar (GSAT) and Space Exploration (SPCX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Globalstar (GSAT) and Space Exploration (SPCX) are both classified in the Alternative Carriers sub-industry within the broader Diversified Telecommunication Services industry, placing them in the closest GICS peer bucket.
Globalstar (GSAT) has been public since November 2, 2006, giving it decades of market history across multiple cycles, while Space Exploration (SPCX) listed only on June 12, 2026 and lacks comparable through-cycle data.
| Profile Item | GSAT | SPCX |
|---|---|---|
| Name | Globalstar Inc. | Space Exploration Technologies Corp. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Telecommunication Services | Telecommunication Services |
| GICS Industry | Diversified Telecommunication Services | Diversified Telecommunication Services |
| GICS Sub-Industry | Alternative Carriers | Alternative Carriers |
| Market Capitalization | 10.93 billion USD | 1,823.53 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | November 2, 2006 | June 12, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| Total Return (1Y) | 70.64% | -- |
| Total Return (3Y, Annualized) | 63.25% | -- |
| Total Return (5Y, Annualized) | 26.97% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Space Exploration (SPCX) is heavily traded at around 97.49M shares per day, whereas Globalstar (GSAT) sees a more moderate 725.14K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | GSAT | SPCX |
|---|---|---|
| Volatility (1Y, Annualized) | 47.60% | 82.86% |
| Beta (5Y) | 1.48 | 5.69 |
| Max Drawdown (5Y) | -61.84% | -48.78% |
| Avg. Volume (3M) | 725.14K | 97.49M |
Risk-Adjusted Performance
Risk-Return Positioning
Both GSAT and SPCX need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| Sharpe Ratio (1Y) | 1.39 | -- |
| Sortino Ratio (1Y) | 2.12 | -- |
Profitability
ROE (TTM)
Space Exploration (SPCX) has no ROE value reported for this period; Globalstar (GSAT) reports a negative figure of -15.88%, which needs context because negative ROE can reflect losses or negative shareholders’ equity.
GSAT
Telecommunication Services industry group
-15.88%
- Max
- 31.74%
- Q3
- 17.02%
- Median
- 7.32%
- Q1
- -5.16%
- GSAT
- -15.88%
- Min
- -20.26%
SPCX
Telecommunication Services industry group
--
- Max
- 31.74%
- Q3
- 17.02%
- Median
- 7.32%
- Q1
- -5.16%
- Min
- -20.26%
- SPCX
- --
Net Margin (TTM)
Both Globalstar (GSAT) at -18.49% and Space Exploration (SPCX) at -8.61% report negative net margin values, usually indicating net losses over the period.
GSAT
Telecommunication Services industry group
-18.49%
- Max
- 30.45%
- Q3
- 11.78%
- Median
- 7.20%
- Q1
- -3.86%
- GSAT
- -18.49%
- Min
- -18.49%
SPCX
Telecommunication Services industry group
-8.61%
- Max
- 30.45%
- Q3
- 11.78%
- Median
- 7.20%
- Q1
- -3.86%
- SPCX
- -8.61%
- Min
- -18.49%
Operating Margin (TTM)
Globalstar (GSAT) reports a negative operating margin of -7.37%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Space Exploration (SPCX) reports 27.58%, ranking against industry peers normally.
GSAT
Telecommunication Services industry group
-7.37%
- Max
- 35.53%
- Q3
- 22.79%
- Median
- 12.87%
- Q1
- 0.82%
- GSAT
- -7.37%
- Min
- -29.20%
SPCX
Telecommunication Services industry group
27.58%
- Max
- 35.53%
- SPCX
- 27.58%
- Q3
- 22.79%
- Median
- 12.87%
- Q1
- 0.82%
- Min
- -29.20%
Profitability Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| ROE (TTM) | -15.88% | -- |
| ROA (TTM) | 0.39% | -- |
| Net Margin (TTM) | -18.49% | -8.61% |
| Operating Margin (TTM) | -7.37% | 27.58% |
| Gross Margin (TTM) | 62.25% | 56.76% |
Growth
Revenue Growth
Space Exploration (SPCX) at 33.24% clears its industry range for revenue growth, far stronger top-line momentum than Globalstar (GSAT) at 9.04%, which is closer to a typical peer reading.
EPS Growth
Only one side can be read here: Space Exploration (SPCX) reports EPS growth of -25,600.00%, ranked against its industry; Globalstar (GSAT) has no EPS growth figure this period.
Growth Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| Revenue Growth (YoY) | 9.04% | 33.24% |
| Revenue Growth (3Y CAGR) | 22.50% | -- |
| EPS Growth (YoY) | -- | -25,600.00% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Globalstar (GSAT) at 1.55 keeps current ratio within its industry’s typical mid-range, while Space Exploration (SPCX) at 3.08 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
GSAT
Telecommunication Services industry group
1.55
- Max
- 2.85
- Q3
- 1.64
- GSAT
- 1.55
- Median
- 0.97
- Q1
- 0.78
- Min
- 0.26
SPCX
Telecommunication Services industry group
3.08
- SPCX
- 3.08
- Max
- 2.85
- Q3
- 1.64
- Median
- 0.97
- Q1
- 0.78
- Min
- 0.26
Debt / Equity (MRQ)
Space Exploration (SPCX) at 0.22 keeps leverage in the lower industry quartile, while Globalstar (GSAT) at 1.43 runs a more typical debt-to-equity mix.
GSAT
Telecommunication Services industry group
1.43
- Max
- 3.94
- Q3
- 2.11
- GSAT
- 1.43
- Median
- 1.32
- Q1
- 0.65
- Min
- 0.00
SPCX
Telecommunication Services industry group
0.22
- Max
- 3.94
- Q3
- 2.11
- Median
- 1.32
- Q1
- 0.65
- SPCX
- 0.22
- Min
- 0.00
Financial Strength Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| Current Ratio (MRQ) | 1.55 | 3.08 |
| Debt / Equity (MRQ) | 1.43 | 0.22 |
| Net Debt / EBITDA | 0.10 | -4.31 |
Dividends
Dividend Yield (TTM)
Neither Globalstar (GSAT) nor Space Exploration (SPCX) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
GSAT
Telecommunication Services industry group
0.00%
- Max
- 6.10%
- Q3
- 2.63%
- GSAT
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPCX
Telecommunication Services industry group
0.00%
- Max
- 6.10%
- Q3
- 2.63%
- SPCX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Globalstar (GSAT) nor Space Exploration (SPCX) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
GSAT
Telecommunication Services industry group
0.00%
- Max
- 121.72%
- Q3
- 68.18%
- Median
- 4.06%
- GSAT
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SPCX
Telecommunication Services industry group
0.00%
- Max
- 121.72%
- Q3
- 68.18%
- Median
- 4.06%
- SPCX
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Space Exploration (SPCX) trades at 583.78 times trailing earnings, ranked against its peers, while Globalstar (GSAT) has no P/E ratio this period.
GSAT
Telecommunication Services industry group
--
- Max
- 30.40
- Q3
- 23.75
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
- GSAT
- --
SPCX
Telecommunication Services industry group
583.78
- SPCX
- 583.78
- Max
- 30.40
- Q3
- 23.75
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Globalstar (GSAT) at 38.94 and Space Exploration (SPCX) at 56.91 — each P/S ratio clears its industry’s benchmark range.
GSAT
Telecommunication Services industry group
38.94
- GSAT
- 38.94
- Max
- 3.01
- Q3
- 1.73
- Median
- 0.81
- Q1
- 0.36
- Min
- 0.00
SPCX
Telecommunication Services industry group
56.91
- SPCX
- 56.91
- Max
- 3.01
- Q3
- 1.73
- Median
- 0.81
- Q1
- 0.36
- Min
- 0.00
P/B Ratio (MRQ)
Measured against book value, both Globalstar (GSAT) at 30.35 and Space Exploration (SPCX) at 10.31 look expensive — each P/B ratio sits above its industry’s benchmark range.
GSAT
Telecommunication Services industry group
30.35
- GSAT
- 30.35
- Max
- 8.10
- Q3
- 3.98
- Median
- 1.53
- Q1
- 0.65
- Min
- -2.39
SPCX
Telecommunication Services industry group
10.31
- SPCX
- 10.31
- Max
- 8.10
- Q3
- 3.98
- Median
- 1.53
- Q1
- 0.65
- Min
- -2.39
Valuation Metrics
| Metric | GSAT | SPCX |
|---|---|---|
| P/E Ratio (TTM) | -- | 583.78 |
| P/S Ratio (TTM) | 38.94 | 56.91 |
| P/B Ratio (MRQ) | 30.35 | 10.31 |
| Free Cash Flow Yield (TTM) | -2.66% | -- |