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Apple’s $1.5 Billion Mobile Service Satellites Will Be Launched By SpaceX

NewsTech

Published:

Reading time: 1 min.

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 […]

Read full article at https://wccftech.com/apples-1-5-billion-mobile-service-satellites-will-be-launched-by-spacex/

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