• About Us
  • Contact Us
Monday, May 25, 2026
  • Login
CXOTECH
No Result
View All Result
  • NEWS
  • CXO TALKS
  • Executive Moves
  • ANALYSIS
  • STRATEGY
  • HOW TO
  • NEWS
  • CXO TALKS
  • Executive Moves
  • ANALYSIS
  • STRATEGY
  • HOW TO
No Result
View All Result
CXOTECH
No Result
View All Result

Big Acquisition: Apple-Backed Globalstar’s $64 Million SpaceX Launch Contract

Ali Ömer Yıldız by Ali Ömer Yıldız
September 4, 2023
in News
A A
Big Acquisition: Apple-Backed Globalstar’s $64 Million SpaceX Launch Contract

Globalstar Purchases SpaceX Launches Worth $64 Million

According to regulatory documents, Globalstar, a satellite network operator backed by Apple, has booked SpaceX flights worth $64 million. These launches are scheduled for 2025, with the goal of deploying at least 17 new satellites into low Earth orbit to supplement Globalstar’s existing satellite constellation.

Globalstar had previously agreed to pay $327 million to MDA for these satellites in February of the previous year. Rocket Lab supplies the spacecraft chassis as a subcontractor.

Apple has agreed to reimburse 95% of the capital costs associated with the satellites, including launch fees. In addition, Apple has offered $252 million in funding to cover the initial costs associated with updating the satellite constellation and improving the satellite operator’s ground station network.

In exchange, Apple will receive 85% of Globalstar’s network capacity, which will be used to provide emergency satellite connectivity for iPhones in locations where cellular networks are unavailable.

This contract emphasizes SpaceX’s near-monopoly in orbital launches. SpaceX is building its own “sat-to-cell” ambitions via the Starlink satellite constellation at the same time, putting SpaceX and Globalstar as prospective competitors. Tensions erupted last year when SpaceX demanded extra bandwidth for Starlink from regulators, including areas of the 1.6/2.4 GHz radio bands that Globalstar exclusively uses.

Post Views: 756
Tags: AppleGlobalstarSatelliteSpaceXStarlink
Previous Post

Urgent Alert: Uninstall Fake Versions of Two Android Apps to Protect Your Bank Account

Next Post

Our goal with Abdi Ibrahim Technology is to be one of the leading companies in the field of technology

Next Post
Our goal with Abdi Ibrahim Technology is to be one of the leading companies in the field of technology

Our goal with Abdi Ibrahim Technology is to be one of the leading companies in the field of technology

Nvidia’s Evolution from Video Games to Cloud-Powered AI and Beyond

Nvidia's Evolution from Video Games to Cloud-Powered AI and Beyond

LATEST NEWS

Nvidia and Amazon Web Services logos representing a major multi-year AI chip and infrastructure agreement
News

Nvidia and Amazon Sign Major AI Infrastructure Chip Deal

March 23, 2026

Nvidia has signed a multi-year agreement with Amazon Web Services (AWS) to supply AI chips and related infrastructure, reinforcing the...

Read moreDetails
Dana Walden announcing Disney’s new leadership structure for streaming, film, television, and games

Disney Sets New Leadership Structure for Expanded Entertainment Segment

March 18, 2026
Google Maps app interface showing immersive navigation and AI-powered trip planning features

Google Maps Gets Its Biggest Navigation Redesign in Over a Decade

March 16, 2026
Interior of an Amazon Robotics innovation hub, highlighting automation strategy and workforce restructuring

Amazon Cuts Jobs in Robotics Division Despite “Strategic Priority” Status

March 5, 2026
Claude AI app displayed in the Apple App Store on a smartphone, illustrating rising consumer adoption amid government scrutiny

Claude Hits No. 1 on Apple’s Top Free Apps List After U.S. Defense Pushback

March 2, 2026

Follow Us On LinkedIn

Categories

  • ANALYSIS
  • CIO Exclusive
  • Company Analysis
  • cxotalks
  • Executive Moves
  • HOW TO
  • News
  • STRATEGY

Tags

5G AI Amazon Android Apple Artificial intelligence chatbot ChatGPT China Chip CIO CXO Cyberattack Cybersecurity Digital Transformation Electric Car Elon Musk ElonMusk EV Facebook GITEX Google Huawei Instagram Intel iOS iPhone Japan META Microsoft NASA Nvidia OpenAI Sam Altman samsung Space SpaceX Tesla Threads TikTok TSMC Twitter Whatsapp Xiaomi YouTube
  • About Us
  • Contact Us

© 2023 CXO MEDYA

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About Us
  • B2B Lead Generation — Built for Enterprise Tech
  • Contact Us
  • Latest News
  • Privacy Policy
  • Tech Events & Conferences 2024

© 2023 CXO MEDYA