Replies to post #12090 on Globalstar Inc (GSAT)

[9Coastal]

👠
I truly believe investors ..
and analysts alike
often forget "good news" ..
anything over a month or two old..
Again... this wasn't.... "just news'!

It was a fact. Not hype.

You can't get better than a fact.
An investor cannot ask for more than that 🥳

And just for yucks.. I inquired as a cross check on Google.. and asked:

DID... Apple pay Globalstar up to $1.1 billion to fund a new constellation and invest $400 million in a Globalstar LLC that will own the new constellation, for a 20% equity stake..?

Result:
(of course it's in the SEC filing anyway..)

Yes,
Apple is investing significantly in Globalstar to expand iPhone satellite services. According to (SEC) filings from Globalstar, Apple will pay Globalstar up to $1.1 billion to fund a new satellite constellation and invest $400 million in a Globalstar LLC (a special purpose entity that will own the new constellation) for a 20% equity stake.

Continued -
... a good reminder ➡️

Additionally,

The funding will be used by Globalstar to expand its network capacity, purchase new satellites, and expand its ground infrastructure, according to CNBC. Notably, Globalstar has committed to allocating 85% of its network capacity to Apple's services within the new constellation.

...do you notice it didn't say the funds will be used for "general purposes"..

Apple has doubled down on its partnership with Globalstar.

You Go Global !!!

9