"Apple's investment in Globalstar not only secures a significant stake but also ensures that 85 percent of the company's network capacity is dedicated to satellite-based texting services for iPhone users, enhancing connectivity beyond cellular coverage."
"Amazon's Leo project, which aims to deploy a constellation of satellites for internet services, has faced challenges, including a launch capacity shortage that has delayed its plans and required extensions from regulatory bodies."
"Globalstar's financial performance showed a positive trend with a reported revenue of $273 million in 2024, marking a 9 percent increase, and a return to operational income of $7.4 million in 2025 after a previous loss."
Apple's $1.5 billion investment in Globalstar secures a 20 percent stake and 85 percent of network capacity for satellite texting. Globalstar is exploring a sale and has engaged with SpaceX. Amazon is advancing its Leo satellite project, facing launch capacity challenges and seeking FCC extensions. The company has signed agreements with JetBlue and Delta for in-flight internet services. Globalstar reported a revenue increase to $273 million in 2024, with operational income of $7.4 million in 2025 after a previous loss.
Read at Ars Technica
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