Globalstar soars on Apple’s $1.5 billion satellite investment

Globalstar soars on Apple’s $1.5 billion satellite investment
By Jason Rainbow

Satellite 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.

The post Globalstar soars on Apple’s $1.5 billion satellite investment appeared first on SpaceNews.

November 2, 2024 at 02:54AM
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