Apple-backed Globalstar inks $64M launch contract with SpaceX

Apple-backed Globalstar inks $64M launch contract with SpaceX

Globalstar, a satellite tv for pc community operator backed by Apple, has bought launches from SpaceX price $64 million, in response to regulatory filings.

The launches, that are scheduled for 2025, will ship at the least 17 new satellites to low Earth orbit to replenish Globalstar’s present constellation. Globalstar entered right into a $327 million buy settlement with MDA for these satellites in February final yr, with Rocket Lab performing as subcontractor supplying the spacecraft chassis.

Apple is reimbursing Globalstar for 95% of the capital expenditures associated to the satellites, together with the launch prices. The buyer {hardware} large additionally agreed to offer $252 million in funding for the upfront prices related to replenishing the satellite tv for pc constellation, in addition to cash to enhance the satellite tv for pc operator’s floor station community.

In return, Apple stated it could use 85% of Globalstar’s community capability to offer emergency satellite tv for pc connectivity for iPhones exterior of mobile networks.

The brand new contract displays the near-monopoly SpaceX at the moment holds on orbital launches. SpaceX can also be growing its personal “sat-to-cell” plans via its Starlink satellite tv for pc constellation, making it and Globalstar one thing of opponents. That competitors grew to become stark final yr, when SpaceX filed a request with regulators for extra spectrum for its Starlink, together with parts of the 1.6/2.4 GHz spectrum bands which were used completely by Globalstar.


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