Technology giant Apple is preparing to make a new investment. on November 1 Apple’s new $1.5 billion satellite network investment After announcing the plan, the value of Globalstar shares increased by more than 30%. After the agreement is completed on November 5, the payment season will open for Apple.
Apple Will Buy 20% of Globalstar Shares
AppleGlobalstar’and $400 million will receive 20% shares and to Globalstar for use in financing the network. $1.1 billion will make payments worth of this amount 232 million dollars will be allocated to reduce Globalstar’s debts.
Apple has Globalstar available since 2022 31 L-band satellites It uses it to provide emergency access for iPhones. But this low Earth orbit (LEO) The network does not support services that require higher capacity, such as broadband or voice services. This new satellite investment by Apple aims to pave the way for more comprehensive satellite-based communication solutions.
SpaceX Will Launch Satellites
Globalstar, based in Canada, with financing support from Apple in 2022 MDAof 17 new satellites for the production 327 million dollars gave a contract. of these satellites SpaceX It is planned to be launched next year.
According to the agreement, Globalstar’s network capacity 85% will continue to be allocated to Apple; The remaining capacity will be used to support Globalstar’s traditional businesses such as track and trace devices.
SpaceX Signed an Agreement with its Competitor in the Space Internet, Amazon!
Initiatives for space internet are increasing, and Amazon, which draws attention with its initiative in this field, has reached an agreement with SpaceX on satellite deployment.
Popular App Now Officially Owns Apple
Pixelmator, a popular image editing app on Mac and iOS, has been acquired by Apple.
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