Globalstar's stock plunges as reports emerge of Apple integrating SpaceX's Starlink service into iPhones.
Globalstar's stock price dropped sharply after reports surfaced that Apple is integrating SpaceX's Starlink satellite service into iPhones. This move threatens Globalstar's exclusive partnership with Apple for satellite communications. Despite a recent upgrade in price target by Craig Hallum, insider selling and increased competition from Starlink have led to a significant decline in Globalstar's share price.
2 months ago
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