Apple, Globalstar

Apple is buying 20 percent of its iPhone satellite services partner
Apple is taking a 20 percent stake in its iPhone satellite connectivity partner GlobalStar — a stake worth $400 million — as part of an expansion of its deal with the company. GlobalStar will also receive a prepayment of $1.1 billion from Apple that is intended to improve satellite infrastructure.
Apple Will Invest $1.5 Billion In Globalstar To Expand Satellite Services
The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.
Apple to expand its satellite services with Globalstar
Apple is becoming a satellite communications company, taking a 20% stake in its existing satellite services provider, Globalstar , as part of a much-expanded deal with the latter. The iPhone maker has agreed to put up to $1.
Apple Is Diving Deeper Into Satellites
Globalstar has worked with Apple to provide the services free of charge to iPhone users (for two years after activating the device) since it began offering the feature in 2022. It works similarly to other services like SpaceX Starlink,
Apple to invest up to $1.5 billion in Globalstar to enhance satellite coverage
Apple is making a major move to strengthen satellite connectivity by investing up to $1.5 billion in Globalstar. This ambitious investment is aimed at expanding Apple’s emergency SOS service for iPhone users,
Globalstar stock rockets 40% on expanded satellite service deal with Apple
Shares of Globalstar (NYSE:GSAT) skyrocketed around 40% in premarket trading Friday after the satellite services provider announced an expansion of its deal with Apple (NASDAQ:AAPL). As part of the agreement,
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