Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq
1. Globalstar moved from NYSE to Nasdaq to improve visibility. 2. Stock rose over 10% on Nasdaq debut after reverse split. 3. Globalstar signed $1.5 billion deal with Apple for iPhone services. 4. The company is developing low Earth orbit satellite services. 5. CEO notes expansion plans face unproven business model challenges.