A satellite services company is up 31% after announcing Apple is taking a stake
Apple is investing further in infrastructure for its satellite messaging features for iPhones, which enables texting without WiFi or cell service.
Globalstar stock rallies on expanded satellite services deal with Apple
Globalstar (GSAT) shares surge 64% as Apple (AAPL) expands deal, investing in new satellite services network and infrastructure.
Globalstar Expands Satellite Network with Apple Agreement
Globalstar ( (GSAT) ) has shared an update. Globalstar, Inc. has updated its service agreements with Apple Inc. to expand its mobile satellite services network, including launching a new satellite constellation and enhancing ground infrastructure.
Apple to invest $1.5bn in Globalstar to expand iPhone communication services
Following the announcement, shares of Globalstar surged over 30%, while Apple's stock dipped approximately 1.4% amid forecasts of modest quarterly revenue growth.
Apple Will Invest $1.5B 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.
Morgan Stanley says Globalstar expanded Apple relationship ‘very encouraging’
After Globalstar (GSAT) filed an 8K disclosing an expanded relationship with Apple (AAPL), Morgan Stanley analyst Simon Flannery noted that
Apple to invest up to $1.5 bln in Globalstar for satellite coverage expansion
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
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 buying 20 percent of its iPhone satellite services partner
Along with taking a stake in GlobalStar, Apple is prepaying $1.1 billion to expand iPhone satellite connectivity.
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,
Apple Satellite Connectivity Provider Globalstar Stock Surges After Deal Extension
Globalstar's stock surges after announcing an expanded partnership with Apple worth $1.1 billion for enhanced satellite ...
inc4211h
Pixxel’s Commercial Satellite Constellation To Be Launched Early Next Year
Spacetech startup Pixxel has unveiled its commercial satellite constellation, Fireflies, which is slated for launch early ...
Iridium Communications Inc. (IRDM): A Bull Case Theory
We came across a bullish thesis on Iridium Communications Inc. (IRDM) on Stock Picker’s Corner’s Substack by Stock Picker’s ...
Advanced Television2d
Another massive satellite constellation, from Logos Space
Logos Space has filed an application with the FCC to build and launch 3,960 satellites to low Earth orbits between 860-925 kms and to operate in Ka, Q/V & E ...
Viasat, Inc. (NASDAQ:VSAT) Receives $20.83 Average Target Price from Analysts
Viasat, Inc. (NASDAQ:VSAT – Get Free Report) has been given a consensus rating of “Hold” by the six analysts that are ...
Optical Satellite Communication Global Market To Reach $38.49 Billion By 2028 At Rate Of 27.6%
The optical satellite communication market size is expected to see exponential growth in the next few years. It will grow to $38.49 billion in 2028 at a compound annual growth rate (CAGR) of 27.6%.” ...