Best in Technology
  • Home
  • Technology
  • Reviews
  • Gadgets
  • World News
  • Tips
  • Gaming
  • Science
  • Entertainment
No Result
View All Result
  • Login
Best in Technology
  • Home
  • Technology
  • Reviews
  • Gadgets
  • World News
  • Tips
  • Gaming
  • Science
  • Entertainment
No Result
View All Result
  • Login
Best in Technology
No Result
View All Result

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

Best In Technology by Best In Technology
September 3, 2023
0 0
0
38
SHARES
173
VIEWS
Share on FacebookShare on Twitter

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.

Previous Post

Saudi Dissident’s Brother Is Sentenced to Death for Social Media Posts on Royals

Next Post

Weekly poll: does the Sony Xperia 5 V deserve a place in your pocket?

Next Post

Weekly poll: does the Sony Xperia 5 V deserve a place in your pocket?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Redmi Note 13 and Note 13 Pro also unveiled
  • Communia hopes to build a digital safe space for women
  • Fish adapted to the deep sea 80 million years earlier than we thought
  • Incomplete disclosures by Apple and Google create “huge blindspot” for 0-day hunters
  • 1st Bob Ross TV painting — finished in 27 minutes — on sale for over $13M – National

Categories

  • Entertainment
  • Gadgets
  • Gaming
  • Reviews
  • Science
  • Technology
  • Tips
  • trending
  • World News

Copyright© 2022 Best In Technology

  • About
  • Privacy Policy
  • DMCA
  • Disclaimers
  • Editorial Policy
No Result
View All Result
  • Home
  • Technology
  • Reviews
  • Gadgets
  • World News
  • Tips
  • Gaming
  • Science
  • Entertainment

© 2022 All Rights Reserved – Best In Technology

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In