Globalstar Weighs Sale, Launches Initial Talks with SpaceX and Other Potential Buyers
3 week ago / Read about 0 minute
Author:小编   

On October 31st, individuals with knowledge of the situation revealed that U.S.-based satellite communications firm Globalstar is exploring the option of a sale and has initiated preliminary discussions with prospective buyers, among which is Elon Musk's SpaceX. At present, Globalstar has retained investment banks to aid in the assessment of pertinent proposals. However, no definitive decision has been made regarding a sale, and the company still has the option to continue operating independently. Significantly, Apple Inc. could be a key factor in Globalstar's upcoming decision-making process. In the previous year, Apple invested roughly $1.5 billion to enhance Globalstar's infrastructure and currently owns a 20% stake in the company. The satellite service that resulted from their partnership allows Apple users to send text messages and reach out to emergency rescue services in regions lacking cellular network connectivity.