Apple will invest up to $1.1bn to fund a new Globalstar constellation and invest $400m in a Globalstar LLC that will own the new constellation, for a 20% equity stake.
Apple will invest up to $1.5bn in Globalstar to fund a new constellation for expanded satellite services.
Apple will invest up to $1.1bn to fund a new Globalstar constellation and invest $400m in a Globalstar LLC that will own the new constellation, for a 20% equity stake, according to a new Globalstar filing with the Securities and Exchange Commission (SEC). This constellation is separate from the constellation upgrade currently in progress with MDA Space.
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