Jon Quast
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Appearances Over Time
Podcast Appearances
Not to brag, but as a Floridian, I got to see the Artemis launch from my front yard yesterday.
Me and my nine-year-old ran outside right after we watched the countdown on YouTube.
Man, I'm pumped about space right now.
I think that's fair, Tyler.
You're not building an investment thesis around this necessarily, but Amazon does have space aspirations.
I think what this does that has value for Amazon is that it gets it a revenue stream from space that's reliable while it tries to build out that space business.
Breaking down GlobalStar's business is actually pretty fascinating here.
A single customer accounted for 63% of revenue in 2025.
We don't know for sure, but that customer is likely Apple.
Apple owns 20% of the business.
It owns 85% of GlobalStar's capacity, or at the very least, 85% of the capacity is dedicated to one customer.
That customer is likely Apple.
What is interesting here is, when we think about the monetization of space, everybody wants to do space, but the monetization aspect gets tricky
GlobalStar does provide Apple with the SOS emergency signal.
That is actually a pretty important thing.
It's a valuable business.
We have one of the most important, valuable companies in the world, Apple, locked in as this GlobalStar customer.
and locked in for the long-term.