{
Iridium Communications Inc.

Companies

}
Symbol IRDM
Name Iridium Communications Inc.
Currency USD
Sector Communication Services
IndustryGroup Telecommunication Services
Industry Diversified Telecommunication Services
Market NASDAQ Global Select
Country United States
State VA
City McLean
Zipcode 22102
Website http://www.iridium.com
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Apple invests 1.5 billion in Globalstar to enhance iPhone satellite services
Apple has committed $1.5 billion to Globalstar to enhance iPhone satellite services, including $1.1 billion in cash and a 20% equity stake. This investment will help Globalstar expand its satellite network and infrastructure, as it continues to allocate 85% of its capacity to Apple. Following the announcement, Globalstar's stock surged by 36%.
CNBC
United States Dollar Globalstar, Inc. Apple Inc. SpaceX EchoStar Corporation Iridium Communications Inc. USA Show more
Technology & Innovation, Press Release
15:45 01.11.2024
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