Apple's $1.5 Billion Mobile Service Satellites to Launch on SpaceX Rockets

Apple's $1.5 billion investment in Globalstar's mobile satellite service will utilize SpaceX rockets for satellite launches starting in 2025.

Apple's $1.5 Billion Mobile Service Satellites to Launch on SpaceX Rockets

Apple's $1.5 billion investment in Globalstar's mobile satellite service (MSS) network will utilize SpaceX rockets for satellite launches. The deal, which includes a 20% stake in a Globalstar subsidiary, aims to expand Globalstar's MSS capabilities and support Apple's satellite-based features. Globalstar's filings with the Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC) revealed details about the agreement. Apple's investment will enable Globalstar to retire debt and build its next-generation MSS satellite constellation, known as the "Extended MSS Network." The partnership involves a $1.1 billion payment from Apple to cover launch and construction costs, as well as a $400 million equity purchase, giving Apple 20% control of Globalstar Licensee LLC, the entity managing the MSS satellite constellation. SpaceX Confirmed as Launch Partner Globalstar's latest SEC filing confirmed SpaceX as the launch services provid…

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