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Apple’s new investment is turbocharging the satellite sector.
The $1.5 billion move aims to boost iPhone connectivity…
… and it could fuel SpaceX’s growth even more.
Here’s why.
Apple (NASDAQ: AAPL) recently struck a $1.5 billion deal with Globalstar (NYSE: GSAY).
The tech giant gained a 20% stake in Globalstar and provided funds to build a new mobile satellite service (MSS) network.
SpaceX is set to launch these upgraded satellites in 2025.
Apple’s investment was confirmed with Globalstar’s SEC filing.
Under the deal, Apple prepaid $1.1 billion for Globalstar’s MSS network construction, launch, and associated costs.
The remaining $400 million gave Apple 20% control of a Globalstar subsidiary, Globalstar Licensee LLC.
The new MSS network’s launch window with SpaceX is set for April to September 2025.
These satellites will support Apple’s satellite features for iPhones, creating a growing low-Earth orbit (LEO) network for satellite-based smartphone connectivity.
Now, I’ve said it before and I’ll say it again…
The LEO satellite boom is a great opportunity for investors.
Many SpaceX rivals are already seeing massive gains.
And this next-generation leader could be the next winner.
Like SpaceX, they’re launching satellites into low Earth orbit (LEO).
But unlike SpaceX, they’re doing so at a FRACTION of the cost.
Right now the company is completing a FINAL Pre IPO financing.
You can grab Pre IPO shares for below $4.00.
My estimates suggest they’ll hit $20+ after the IPO.
Click here ASAP for details – and grab your Pre IPO shares.
Yours in Wealth,
Ian Wyatt
P.S. This Pre-IPO is open to ALL investors – without restriction.
To see why shares could jump 457% after the NASDAQ IPO…