Apple’s $1.5 billion deal with Globalstar, through which the firm acquired a 20% stake in the company and provided it with the funds to build out a mobile satellite service (MSS) network, will use SpaceX’s rockets to launch the satellites. Apple first announced its MSS investment in November 2022 and made headlines last month after a Globalstar SEC filing revealed a $1.5 billion investment that gave Apple 20% control over a subsidiary. Subsequent Globalstar filings with the Federal Communications Commission (FCC) and the SEC shed more light on the deal, revealing that Globalstar will use part of the proceeds from […]
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