Market Chatter: Apple, SpaceX Clash Over Satellite Mobile Phone Connectivity

MT Newswires Live2025-03-31

Apple (AAPL) and Elon Musk's SpaceX are clashing over the rights to use satellite technology to eliminate mobile phone network dead spots, The Wall Street Journal reported Sunday.

Apple last year invested $1 billion in Globalstar's satellite-based technology to keep users connected in places where wireless signals aren't available even as SpaceX's Starlink has deployed a network of more than 550 satellites to provide connectivity.

Musk is reportedly pushing federal regulators to stop Apple's advances, which depend on gaining limited broadband spectrum rights.

Apple and SpaceX did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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