Apple plans to invest $1,1-billion in satellite communications company Globalstar alongside a further $400-million for a 20% equity stake in the business. Emma Mohr-McClune, chief analyst: technology ...

"In addition to continuing to allocate 85 per cent of its network capacity to Apple, Globalstar will use the $1.1 billion in preservice payments to deliver a new satellite service constellation, ...

Globalstar's share price jumped after the announcement of a significant expansion of its partnership with Apple. Click here ...

Satellite operator Globalstar stock closed up more than 30% Nov. 1 after disclosing Apple’s plans to inject $1.7 billion for a new constellation to improve space-based communications for iPhones.

Globalstar has quite a small constellation currently with 25 satellites, but it has rights to the licensed n53 2.4 gigahertz ...

Apple partnered with Globalstar in 2022 to provide emergency messaging capabilities to iPhone 14 users when they are outside of traditional cellular or Wi-Fi range. The ...

Under the new terms, Apple will prepay up to $1.1 billion to fund network development, including satellite construction and launch costs. Apple will also invest $400 million to acquire a 20% passive ...

Apple has announced plans to invest approximately $1.5bn in satellite communications company Globalstar to expand iPhone ...

In a report released yesterday, Thanos Moschopoulos from BMO Capital upgraded MDA Ltd (MDA – Research Report) to a Buy, with a price ...

Globalstar ( (GSAT) ) has shared an update. Globalstar, Inc. has updated its service agreements with Apple Inc. to expand its ...

The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.

Apple has promised another $1.1 billion to GlobalStar, its existing satellite provider, to improve iPhone messaging services.