Apple Supports Globalstar’s $64M Contract with SpaceX for Satellite Launches

  • Globalstar aims to expand the coverage of its Emergency SOS network by launching new satellites with SpaceX, a $64 million venture.
  • Apple pledges to cover 95% of the associated expenses and provides a $252 million loan to Globalstar to cover upfront costs.
  • Despite SpaceX’s potential competition with Globalstar for spectrum bands, the contract illustrates the substantial role SpaceX plays in orbital launches.
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