Loading...
Market
What will be Globalstar's revenue growth rate in 2024?
3
Resolution / Starting Odds
More than 100% growth • 25%
50-100% growth • 25%
25-50% growth • 25%
Less than 25% growth • 25%
Globalstar's financial reports for 2024
Story
Apple Commits $1.1 Billion and Takes 20% Stake in Globalstar; Shares Jump 58%
Nov 1, 2024, 01:27 PM
Apple has expanded its partnership with satellite service provider Globalstar, committing up to $1.1 billion to support the expansion of satellite capacity for iPhone messaging services. As part of the agreement, Apple will acquire a 20% ownership stake in Globalstar's satellite entity worth approximately $400 million. Globalstar's stock surged 58% after the announcement, rising up to 67% in pre-market trading. The deal includes prepayments for infrastructure and the build-out of a new satellite network. The expanded services are expected to more than double Globalstar's total annual revenue in 2024.
View original story
Similar markets
Negative growth • 25%
0-5% growth • 25%
5-10% growth • 25%
Over 10% growth • 25%
Less than 2% • 25%
Between 2% and 5% • 25%
Between 5% and 8% • 25%
More than 8% • 25%
Increase by more than 5% • 25%
Increase by 1-5% • 25%
No change • 25%
Decrease • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Less than 50% • 25%
50% to 100% • 25%
101% to 150% • 25%
More than 150% • 25%
Less than 20% • 25%
20% to 29.99% • 25%
30% to 39.99% • 25%
40% or more • 25%
Less than 10% • 25%
10-20% • 25%
20-30% • 25%
More than 30% • 25%
Below 50% • 25%
50% to 100% • 25%
100% to 150% • 25%
Above 150% • 25%