Stock Track | Globalstar Soars Over 5% Pre-Market on Apple Partnership for Satellite Connectivity

Stock Track12-11

Globalstar (GSAT) saw its stock surge over 5% in pre-market trading on Wednesday, driven by news of a partnership with tech giant Apple that could significantly boost the satellite communications company's prospects.

According to reports, Apple plans to incorporate satellite connectivity into its next-generation Apple Watch Ultra, set for release in 2025. This feature will allow users to send text messages via Globalstar's fleet of satellites when they are out of cellular or Wi-Fi range, catering to hikers and outdoor enthusiasts.

The move is part of Apple's efforts to enhance the health and safety capabilities of its devices, leveraging satellite technology to enable communication in remote areas. Globalstar's extensive satellite network will provide the backbone for this functionality, potentially driving increased usage and revenue for the company.

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Stoid
12-12
Stoid
Every month this news gets recycled for momentary gains - weird

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This feature will allow users to send text messages via Globalstar's fleet of satellites when they are out of cellular or Wi-Fi range, catering to hikers and outdoor enthusiasts.</p>\n\n<p>The move is part of Apple's efforts to enhance the health and safety capabilities of its devices, leveraging satellite technology to enable communication in remote areas. Globalstar's extensive satellite network will provide the backbone for this functionality, potentially driving increased usage and revenue for the company.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GSAT":"全球星"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171086201","content_text":"Globalstar (GSAT) saw its stock surge over 5% in pre-market trading on Wednesday, driven by news of a partnership with tech giant Apple that could significantly boost the satellite communications company's prospects.\nAccording to reports, Apple plans to incorporate satellite connectivity into its next-generation Apple Watch Ultra, set for release in 2025. 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