Loading...
Market
Will Globalstar's annual revenue double by the end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Globalstar's annual financial reports and public statements
Story
Apple Invests $1.5 Billion in Globalstar, Acquires 20% Stake to Expand iPhone Satellite Services
Nov 1, 2024, 04:14 PM
Apple Inc. is expanding its partnership with satellite services provider Globalstar Inc., committing up to $1.5 billion to enhance satellite coverage and services for its devices. The agreement includes a $1.1 billion cash prepayment from Apple to Globalstar for infrastructure improvements, including building a new Mobile Satellite Services (MSS) network, constructing a new satellite constellation, and expanding ground infrastructure. Additionally, Apple is purchasing a 20% equity stake in Globalstar worth $400 million. This investment aims to bolster Apple's satellite connectivity features, such as the Emergency SOS via Satellite service available on iPhones, by improving satellite capacity and coverage. Globalstar expects its total annual revenue to more than double in the first annual period following the launch of the expanded satellite services. Following the announcement, Globalstar's stock surged by as much as 58%.
View original story
Similar markets
More than 100% growth • 25%
50-100% growth • 25%
25-50% growth • 25%
Less than 25% growth • 25%
Top 5 in industry • 25%
Top 10 in industry • 25%
Remains outside Top 10 • 25%
Becomes market leader • 25%
Doubles capacity • 25%
Increases by 50% • 25%
Increases by 25% • 25%
No significant change • 25%
Increase by more than 100% • 25%
Increase between 50% and 100% • 25%
Increase less than 50% • 25%
Decrease • 25%
0-5 contracts • 25%
6-10 contracts • 25%
11-15 contracts • 25%
More than 15 contracts • 25%
20% • 25%
Less than 20% • 25%
More than 20% up to 30% • 25%
More than 30% • 25%
Yes • 50%
No • 50%
Less than $500 million • 25%
$500 million - $999 million • 25%
$1 billion - $1.499 billion • 25%
$1.5 billion or more • 25%
$1 billion • 25%
$2 billion • 25%
$3 billion • 25%
$4 billion or more • 25%