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Apple: Foxconn, the world's largest iPhone producer, has launched two prototype low-Earth orbit satellites on a SpaceX rocket from Vandenberg Space Force Base in California. The launch marks a significant moment for the Taiwanese electronics manufacturer as it diversifies into new sectors, as some of its established businesses struggle. Foxconn aims to demonstrate its satellite technology to tap growing demand for communications from space.

(Bloomberg) -- The world’s biggest producer of iPhones is going to outer space.Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerBiden Has Wiped Away $127 Billion in Student Loan DebtThe Diamond World Takes Radical Steps to Stop a Pricing PlungeTwo prototype low-Earth orbit satellites made by Hon Hai Precision Industry Co., better known

Foxconn, the world's largest iPhone producer, has launched two prototype low-Earth orbit satellites on a SpaceX rocket from Vandenberg Space Force Base in California. The launch marks a significant moment for the Taiwanese electronics manufacturer as it diversifies into new sectors, as some of its established businesses struggle. Foxconn aims to demonstrate its satellite technology to tap growing demand for communications from space.

Foxconn-made LEO satellites took off aboard a SpaceX rocket from southern California on Saturday in a bet on corporate and government use.

The world's largest iPhone maker is moving into electric vehicles, robotics, AI—and communications satellites, with a boost from SpaceX.