Shares of Globalstar (GSAT) surged 5.03% in Wednesday's trading session, outperforming the broader market. This rally was driven by Globalstar's recent collaboration with GCT Semiconductor to develop innovative two-way satellite messaging systems and solutions.

The partnership will integrate GCT Semiconductor's cutting-edge IoT, 4G/5G semiconductor technology into Globalstar's next-generation product suite. A key focus is on Globalstar's RM200M module, which features integrated GNSS, Bluetooth, an accelerometer, and an application processor for advanced two-way communication and edge computing capabilities.

By combining Globalstar's low Earth orbit satellite constellation with GCT's cellular chips, the companies aim to create multi-mode devices that can seamlessly switch between satellite and cellular networks. This will ensure robust global connectivity, even in the most remote areas, unlocking new revenue streams and business opportunities for Globalstar.