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Globalstar soars on Apple’s $1.7 billion satellite investment

Globalstar soars on Apple’s $1.7 billion satellite investment

Satellite operator Globalstar stock closed up more than 30% Nov. 1 after disclosing Apple’s plans to inject $1.7 billion for a new constellation to improve space-based communications for iPhones.

Published by SpaceNews on 11/01/2024

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