Oddbean new post about login | logout Apple is pre-paying 1.1billion USD to retain 85% of Globalstar's satellite services capacity and buying 20% equity of the company for another $400million. Globalstar provides the infrastructure for the Emergency SOS via satellite. Looks like a lot of money for "just SOS" 👀 https://investors.globalstar.com/node/15606/html
Balloons 🎈 everywhere.
Remember when Google actually made that proposition and it was for real? Simpler times...
They should just partner with SpaceX and provide sat phones.
what is your theory?
They need to grow by a lot. They don't know how. They start asking, why do we need at&t anyway...
With Starlink soon having direct-to-cell coverage across the globe that can actually be used for other stuff than "just SOS" and other constellations to be added in the coming decade this looks like a weird investment. Maybe they are looking into buying a company to also create their own iSpaceInternet?
A drop in the bucket when Apple has like $160billion in cash reserves
If you consider that monthly subscription to enabling service for SOS satelite dedicated devices, comes from 20 and up to 250 USD, their investment will be covered in no time.
