GlobalStar's (GSAT) Apple (AAPL) Deal Provides 'Constructive Growth Outlook' - Morgan Stanley
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SpaceX CEO Elon Musk: 'We've had some promising conversations with Apple'
September 8, 2022 2:21 PM EDTMulti-billionare and SpaceX CEO, Elon Musk hinted at a possible collaboration with Apple (NASDAQ: AAPL) today after responding to a user on Twitter (NYSE: TWTR). The user, going by the name of Zack, expressed his hopes that the... More
Apple picks Globalstar for emergency satellite service on iPhone 14
September 7, 2022 2:51 PM EDT(Reuters) -Apple Inc on Wednesday selected Globalstar Inc as its partner for a feature that would allow iPhone 14 users to send emergency messages from remote locations.
The tech giant said it was dedicating $450 million from its advanced manufacturing fund toward satellite infrastructure to support the feature. GlobalStar will receive the majority of the funding, but the iPhone maker did not specify which other players will receive the rest and in what form.
... MoreGlobalStar (GSAT) Resumes Trading
September 7, 2022 2:45 PM EDTGlobalStar (NYSE: GSAT) Resumes Trading
... MoreGlobalStar (GSAT) announces agreement to be Apple's (AAPL) satellite operator
September 7, 2022 2:06 PM EDTGlobalStar (NYSE: GSAT) disclosed:
On September 7, 2022, Apple Inc. (Partner) announced new satellite-enabled services for certain of its products (the Services). Globalstar, Inc. (Globalstar or the Company) will be the satellite operator for the Services pursuant to the terms agreement (the Terms Agreement) first disclosed in the Companys Form 10-K for the year ended December 31, 2019, and certain related ancillary agreements (such agreements, together with the Terms Agreement, the Partnership Agreements). The Services constitute the potential service described in the Companys previous disclosure about the Terms Agreement.
Since execution of the Terms Agreement, the parties have completed several... More
