Emergency SOS via satellite made possible by $450M Apple …
Nov 10, 2022 · Apple’s $450 million investment from its Advanced Manufacturing Fund will go to the development of critical infrastructure supporting Emergency SOS via satellite, including the expansion and enhancement of Globalstar ground stations in Alaska, Florida, Hawaii, Nevada, Puerto Rico, and Texas.
Globalstar soars on Apple’s $1.7 billion satellite investment
Nov 1, 2024 · TAMPA, Fla. — 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...
Apple lends Globalstar $252 million for satellite-enabled iPhones
Globalstar said Feb. 28 that Apple is lending the company $252 million to help cover upfront costs for replenishing its low Earth orbit constellation.
Apple commits $1.5 billion to Globalstar for iPhone satellite
Nov 1, 2024 · Apple 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 …
Apple Expands Globalstar Relationship to Support Growing …
Nov 1, 2024 · Globalstar today announced an amended agreement with Apple that will see an expansion of the satellite services that support Apple features like Emergency SOS, Roadside Assistance, Messages,...
Emergency SOS via satellite on iPhone 14 and iPhone ... - Globalstar…
Apple’s investment provides critical enhancements to Globalstar’s satellite network and ground stations, ensuring iPhone 14 users are able to connect to emergency services when off the grid. At Globalstar, more than 300 employees support the new service.
Apple is buying 20 percent of its iPhone satellite services partner
Nov 1, 2024 · Apple is taking a 20 percent stake in its iPhone satellite connectivity partner Globalstar — a stake worth $400 million — as part of an expansion of its deal with the company. Globalstar will...
Apple to invest $1.5bn in Globalstar to expand satellite services
Nov 4, 2024 · Apple has announced plans to invest approximately $1.5bn in satellite communications company Globalstar to expand iPhone satellite services. Specifically, the agreement between Apple and...
Apple Will Invest $1.5B in Globalstar to Expand Satellite Services
Nov 1, 2024 · With Apple's $1.5 billion investment, Globalstar will launch a new satellite constellation and expand ground infrastructure, which is grouped in a new "mobile satellite services" network,...
Apple takes 20% stake in Globalstar with $1.5bn satellite …
Nov 4, 2024 · The US-based tech giant will take a 20% equity stake in Globalstar, paying $400 million for 400,000 Class B shares and committing an additional $1.1 billion in funding for new satellites, potentially bringing Apple’s total investment to $1.75 billion.
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