Globalstar's history has been marked by one daunting challenge after another, including an early launch failure, bankruptcy, the performance degradation of its initial satellite constellation, disputes with its satellite and launch contractors, and cash-flow difficulties. But the mobile satellite services operator, thanks in large part to the committed financial backing of Thermo Capital Partners, has managed to persevere, finding a way to finance and launch a second-generation constellation of 24 satellites that became fully operational this past summer. This, coupled with a restructuring of its debt, has positioned the company to focus building up the business.
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机译：Globalstar的历史一直面临着艰巨的挑战，包括早期发射失败，破产，初始卫星星座的性能下降，与卫星和发射承包商的纠纷以及现金流困难等。但是，移动卫星服务运营商在很大程度上要归功于Thermo Capital Partners的坚定支持，已经得以坚持不懈，找到了一种融资和发射第二代由24颗卫星组成的星座的方法，该星座已于去年夏天全面投入运营。加上债务重组，该公司已将重点放在建立业务上。
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