The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.

Globalstar will use fresh Apple money to create, launch, and maintain the new satellite network and build additional ground ...

Apple is investing further in infrastructure for its satellite messaging features for iPhones, which enables texting without ...

Apple is taking a 20 percent stake in its iPhone satellite connectivity partner GlobalStar — a stake worth $400 million — as ...

Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite ...

Apple is becoming a satellite communications company, taking a 20% stake in its existing satellite services provider, ...

Globalstar today announced an amended agreement with Apple that will see an expansion of the satellite services that support ...

Globalstar ( (GSAT) ) has shared an update. Globalstar, Inc. has updated its service agreements with Apple Inc. to expand its ...

(Reuters) - Apple (AAPL.O) will invest up to $1.5 billion in Globalstar (GSAT.A), opens new tab to fund the expansion of its ...

Satellite operator Globalstar stock closed up more than 30% Nov. 1 after disclosing Apple’s plans to invest $1.5 billion in a new constellation to improve space-based communications for iPhones.

Following the announcement, shares of Globalstar surged over 30%, while Apple's stock dipped approximately 1.4% amid forecasts of modest quarterly revenue growth.

Apple has promised another $1.1 billion to GlobalStar, its existing satellite provider, to improve iPhone messaging services.