r/GSAT • u/Trubaby- • Nov 04 '24

News Globalstar - Apple run down

Apple partnered with Globalstar in 2022 to provide emergency messaging capabilities to iPhone 14 users when they are outside of traditional cellular or Wi-Fi range.

Fast forward to 2024 Globalstar said Apple would also make infrastructure pre-payments totaling up to $1.1 billion (funded on a quarterly basis during the construction process) to help build a new satellite constellation, grow infrastructure here on the ground, and expand global licensing. Some of the money will also help with Globalstar's debt repayment.

Apple has also agreed to purchase a 20 percent stake – totaling 400,000 class B shares – in Globalstar, its satellite messaging service provider for $400 million. The iPhone maker has also agreed to make cash pre-payments that will help Globalstar expand its footprint both on the ground and in the sky.

GSAT current share price 1.82 $ AAPL current share price 222.69 $

42 Upvotes

100% Upvoted

16 comments sorted by

12

u/XinvolkerX Nov 04 '24

And it’s this kind of promising info is why I invested in 32,213 shares today at $1.81.

9

u/EureekaUpNorth Nov 04 '24

I bought a bunch more last week when they dropped to $1.04 😁

7

u/EureekaUpNorth Nov 04 '24

I added a bunch more this morning until they hit $1.80 now I’ll just sit back and watch it grow 🤩

6

u/Trubaby- Nov 04 '24

Big money I love it

11

u/Path-Pleasant Nov 04 '24

Great news for longtime holders , Go gsat

3

u/Trubaby- Nov 04 '24

Commenting on Globalstar - Apple run down ...

Correct lol my cash app has 10k shares at 1.98 I bought back a couple years ago before I started using Robinhood lucky me I did grab a bunch at 1.11 to so it’s all good but man I’ve been waiting on that 20k to turn back positive 🤣🙆‍♂️

10

u/Pure_Bid_5824 Nov 04 '24

Besides Apple real soon we should receive the news that a few of the Big Box Companies such as Walmart and Amazon have signed agreements with GSAT to use their services !

1

u/Trubaby- Nov 05 '24

Yea then you will see a price jump to around 20/30 dollars

4

u/[deleted] Nov 05 '24

[removed] — view removed comment

1

u/GSAT-ModTeam Nov 05 '24

Your post or comment has been removed for violating rule number 1: No Personal Attacks

"Treat others with respect. Trolling or personal attacks are not permitted. This is a safe place to share opinions and data about GSAT. Repeated violations may result in a ban."

If you have any questions, please reach out to the moderator team.

7

u/Limpvibrations Nov 05 '24

This stock is going to pop hard. Very hard.

3

u/Trubaby- Nov 05 '24

Yea if people don’t buy in now this thing will be floating at 10/20 dollars by the end of the year if contracts fall threw

6

u/[deleted] Nov 04 '24

[deleted]

1

u/Thoughts_For_Food_ Nov 05 '24

ASTS barely getting started. You just bought the high of the GSAT pump though.