Apple invests $1.1 billion in GlobalStar to enhance satellite services for iPhone users.

Apple is investing over $1.1 billion in GlobalStar to enhance satellite infrastructure and acquire a 20% stake for about $400 million. This partnership aims to expand messaging features for iPhone users, building on the Emergency SOS via satellite service launched with the iPhone 14. Currently offered for free, a subscription model may be introduced after the trial period. GlobalStar expects significant revenue growth from this collaboration.

November 01, 2024
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