# Apple Invests in GlobalStar to Enhance iPhone Satellite Services! 📱

**URL:** <https://onehack.st/t/apple-invests-in-globalstar-to-enhance-iphone-satellite-services/294940>\
**Category:** News & Articles\
**Tags:** business\
**Created:** [November 2, 2024, 4:23pm UTC](https://onehack.st/t/apple-invests-in-globalstar-to-enhance-iphone-satellite-services/294940 "2024-11-02T16:23:07Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [November 2, 2024, 4:23pm UTC](https://onehack.st/t/apple-invests-in-globalstar-to-enhance-iphone-satellite-services/294940/1 "2024-11-02T16:23:07Z")

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**Summary:**

1. **Strategic Investment**  
Apple is acquiring a **20%** stake in **GlobalStar** , its partner for iPhone satellite connectivity, valued at **$400 million**.

2. **Funding for Infrastructure**  
As part of the deal, Apple will provide a **prepayment of $1.1 billion** to GlobalStar aimed at improving satellite infrastructure.

3. **Enhanced Connectivity**  
This partnership allows Apple to utilize GlobalStar’s satellites for services such as emergency text messaging and iMessage in areas lacking cell signal.

4. **Deal Details**  
GlobalStar announced the expansion of their agreement in an **SEC** filing, which includes plans for a new satellite constellation and enhanced ground infrastructure.

5. **Future Prospects**  
The investment indicates Apple’s commitment to advancing its satellite services and expanding capabilities for mobile users globally.

**Read more at:** [The Verge](https://www.theverge.com/2024/11/1/24285347/apple-globalstar-investment-expansion-emergency-sos-satellite)