The partnership between the two space firms is another move aimed to provide satellite-based connectivity to customers all over the globe and more so in regions with limited or poor network access.
During the regulatory filling on Friday, Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services. This includes a 20% equity stake in Globalstar’s new satellite constellation and over $1.1 billion in cash advances. Globalstar announced it will dedicate 85% of its network capacity to Apple, with the finalization of the deal anticipated on Tuesday.
In 2022, Apple partnered with Globalstar to enable iPhone users to send emergency messages from remote locations without cellular coverage. The new satellite constellation, set to begin launching in 2025, will enhance emergency messaging capabilities and could open the door to additional services in the future
