Does anyone have enough financial knowledge to explain why Apple didn't acquired Globalstar?
There must be some reasons for Apple to team up with Globalstar and it looks like that it is a long lasting partnership (e.g. new satellites scheduled for 2025).
So why Apple didn't acquired Globalstar in the first place, it would have been a good deal (in 2020 Gsat had a marketcap of about 400-500 Mio $) or do you think that Apple wants to keep it as a partnership - but why?
Apple has already spend tons of millions into Globalstar - around 600 Million $.
What are your guesses about Apples plans? Apple Link (data package) for iPhone 16?
I'm curious about your thoughts!
[link] [comments] https://www.reddit.com/r/stocks/comments/12vhawt/apple_globalstar/
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