Apple is doubling down on its cosmic ambitions with a $1.5 billion investment in Globalstar, a move set to supercharge iPhone satellite services. The deal, set to close this week, combines $1.1 billion in cash with a 20% stake in the satellite provider—giving Apple exclusive access to 85% of Globalstar’s network capacity. 💰✨
Remember when iPhone 14 users first got Emergency SOS via satellite in 2022? Now, Apple’s expanding the feature to text messaging for newer iPhone models in remote areas. Think: hiking mishaps gone safer 📲🏔️.
Globalstar will use the funds to launch new satellites (26 ordered already!) and upgrade ground systems. While Apple’s staying tight-lipped about future plans, their SEC filing hints at a “mobile satellite services” network that could rival Google, T-Mobile, and Amazon’s Project Kuiper. 🚀⚡
This isn’t just tech drama—it’s part of a space race to connect users in network dead zones. From hurricane alerts via SpaceX satellites to Amazon’s orbital internet projects, the sky’s truly the limit. 🌌
