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Bookmark or Share- Globalstar soars on Apple’s $1.5 billion satellite investmentSatellite operator Globalstar stock closed up more than 30% Nov. 1 after disclosing Apple’s plans to invest $1.5 billion in a new constellation to improve space-based communications for iPhones.
- Apple to expand its satellite services with GlobalstarCredit: Apple. 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 ...
- Apple to invest up to $1.5 bln in Globalstar for satellite coverage ...Under the funding agreement, Apple will commit $1.1 billion in cash and also purchase 20% equity in Globalstar for $400 million. The satellite company said it will use a portion of the funds to ...
- Apple commits $1.5 billion to Globalstar for iPhone satellite ... - CNBCApple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant ...
- Apple Satellite Connectivity Provider Globalstar Stock Surges After ...Globalstar expects revenue of $235 million–$250 million versus the consensus of $237.5 million. GSAT Price Action: Globalstar stock is up 32.90% at $1.39 at publication Friday.
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