Apple invests billions in Globalstar for satellite services and improved iPhone connectivity [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
Apple wants to bridge gaps in connectivity with advanced satellite technology New direct-to-device satellite services how to expand signal to remote areas Enhanced satellite services redefine iPhone's global communication reach Apple is working to enhance satellite-based services for iPhone users, focusing on improving connectivity in areas lacking cellular coverage. Building on its 2022 collaboration with Globalstar, Apple's latest investment aims to bolster its position in the growing direct-to-device (D2D) satellite communication market. Apple has committed $1.5 billion to satellite communications company Globalstar, which includes a $1.1 billion cash investment and a $400 million allocation for a 20% equity stake in the business. A game-changing partnership in low Earth orbit connectivity This new deal between Apple and Globalstar represents one of the most substantial consumer OEM investments in low Earth orbit (LEO) satellite technology to date. Globalstar, whic
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GSAT
News
- CES 2025: What Is the Huge Tech Show and What Trends Do Experts Predict? [CNET News]CNET News
- Globalstar Inc. (GSAT) Ends Trading Week Defying Market Bloodbath [Yahoo! Finance]Yahoo! Finance
- 3 Satellite Stocks That Investors Could Keep an Eye on in 2025 [Yahoo! Finance]Yahoo! Finance
- GSAT Unveils Vision & Growth Plans at Investor Day 2024, Stock Up [Yahoo! Finance]Yahoo! Finance
- Globalstar Outlines Growth Strategy and Financial Outlook at Investor Day [Yahoo! Finance]Yahoo! Finance
GSAT
Earnings
- 11/7/24 - In-Line
GSAT
Sec Filings
- 1/6/25 - Form 144
- 12/31/24 - Form 4
- 12/31/24 - Form 4
- GSAT's page on the SEC website