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


Share post:

Globalstar, a satellite network operator backed by Apple, has purchased launches from SpaceX worth $64 million, according to regulatory filings.

The launches, which are scheduled for 2025, will send at least 17 new satellites to low Earth orbit to replenish Globalstar’s existing constellation. Globalstar entered into a $327 million purchase agreement with MDA for those satellites in February last year, with Rocket Lab acting as subcontractor supplying the spacecraft chassis.

Apple is reimbursing Globalstar for 95% of the capital expenditures related to the satellites, including the launch costs. The consumer hardware giant also agreed to provide $252 million in funding for the upfront costs associated with replenishing the satellite constellation, as well as money to improve the satellite operator’s ground station network.

In return, Apple said it would use 85% of Globalstar’s network capacity to provide emergency satellite connectivity for iPhones outside of cellular networks.

The new contract reflects the near-monopoly SpaceX currently holds on orbital launches. SpaceX is also developing its own “sat-to-cell” plans through its Starlink satellite constellation, making it and Globalstar something of competitors. That competition became stark last year, when SpaceX filed a request with regulators for more spectrum for its Starlink, including portions of the 1.6/2.4 GHz spectrum bands that have been used exclusively by Globalstar.

Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

GitHub launches passkey support into general availability

GitHub is formally launching its passkeys security feature into general availability, two months after first debuting it...

Banish cumulative graphs from your pitch deck

You know what’s really awesome? Watching founders pitch on the TechCrunch Disrupt stage as part of Startup...

Saregama eyes Pocket Aces acquisition in video push

Saregama is in talks to acquire Pocket Aces, three people familiar with the matter said, as the...

Encrypted email provider Proton has built its own CAPTCHA service

Proton, the Swiss company that develops privacy-focused online services such as email, has developed its very own...

YouTube to add AI creator tools to find music for videos, add dubs

YouTube is expanding its Creator Music Studio, announced last year, with new AI features in addition to...

Harness launches Gitness, an open-source GitHub competitor

Since its launch in 2017, Harness, the software delivery platform founded by AppDynamics co-founder and CEO Jyoti...

7 global investors discuss African tech post-Kauffman Fellows’ first summit on the continent

In 2020, Kauffman Fellows (KF), a prominent venture education program renowned for its extensive and well-established network...

Poland opens privacy probe of ChatGPT following GDPR complaint

OpenAI is facing another investigation into whether its generative AI chatbot, ChatGPT, complies with European Union privacy...