A satellite services company is up 31% after announcing Apple is taking a stake
Apple has agreed to a deal expansion with satellite services company Globalstar that will see the iPhone giant take a 20% stake.
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- Globalstar Inc. closed up over 31% after Apple invested $1.1 billion in a satellite expansion deal.
- Apple is taking a 20% stake under the new agreement, which follows a $450 million deal in 2022.
- Apple's iOS 18 now supports non-emergency satellite messaging.
A satellite services company got a boost on Friday...
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