In a groundbreaking move, Apple is venturing into the realm of advanced satellite technology, aiming to address connectivity gaps in remote areas without cellular coverage. With a significant $1.5 billion investment in satellite communications company Globalstar, Apple is set to redefine the iPhone’s global communication reach.

The collaboration marks a substantial leap in the low Earth orbit (LEO) satellite technology market, with Apple securing a 20% equity stake in Globalstar. This strategic partnership will allow Globalstar, with its existing 31 satellites, to expand its network with the addition of 26 more satellites funded by Apple. This expansion promises broader and more reliable coverage, with 85% of Globalstar’s network capacity dedicated to Apple’s services.

By tapping into the direct-to-device (D2D) satellite communication market, Apple is poised to revolutionize connectivity for iPhone users, enabling smartphones to connect directly with satellites. The recent announcement has already driven Globalstar’s stock up by 31.4%, signaling a significant market impact.

This game-changing alliance not only elevates Apple’s standing in the satellite technology sector but also signifies a major milestone in consumer OEM investments in LEO satellite technology. With this move, Apple is solidifying its position as a frontrunner in the D2D satellite communication market, paving the way for enhanced global connectivity for iPhone users. Via CNBC.