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2025-10-31 03:22:22
According to sources familiar with the matter, U.S. satellite communications company Globalstar is exploring the possibility of a sale and has made initial contact with potential acquirers such as SpaceX, owned by Elon Musk. The company has hired investment banks to assist in evaluating options, but has not yet made a final decision on whether to sell and may remain an independent operator. It is worth noting that Apple (AAPL.O) may play a key role in Globalstar's (GSAT.O) future decisions. The iPhone maker invested approximately $1.5 billion last year to upgrade Globalstar's infrastructure and holds a 20% stake in the company. The satellite service launched by the two companies allows Apple users to send text messages and contact emergency services in areas without cellular network coverage.
