SpaceX in Talks to Provide Satellite Connectivity for iPhones, Potentially Displacing Globalstar
Elon Musk's SpaceX is reportedly designing next-generation satellites to support Apple's iPhone satellite features, currently powered by Globalstar. The move could signal a shift in Apple's satellite connectivity strategy as Starlink's network advances. Globalstar shares saw a temporary boost amid rumors of a potential $10 billion sale, though Apple appears unlikely to exercise its right of first refusal.
The development highlights the evolving landscape of satellite communications, where private sector players like SpaceX are increasingly competing with traditional providers. Apple's reluctance to become a telecom provider suggests it will continue outsourcing connectivity, creating opportunities for satellite operators.