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Apple-backed satellite network operator Globalstar has bought launches from Elon Musk-run SpaceX worth $64 million.Apple is reimbursing Globalstar for 95 per cent of the capital expenditures related to the satellites, including the launch ...
Apple: Globalstar entered into a $327 million purchase agreement with MDA for those satellites in February last year.
Apple is reimbursing Globalstar for 95 per cent of the capital expenditures related to the satellites, including the launch costs, reports TechCrunch, citing regulatory filings.
Former Qualcomm CEO and XCOM Labs founder Paul Jacobs is joining Globalstar as CEO, as Globalstar announced Tuesday that CEO David Kagan is retiring. The
Globalstar, the satellite company that powers Apple’s emergency communication services, has appointed Paul Jacobs as its new CEO