Apple is pre-paying 1.1billion USD to retain 85% of Globalstar's satellite services capacity and buying 20% equity of the company for another $400million.
Globalstar provides the infrastructure for the Emergency SOS via satellite.
Looks like a lot of money for "just SOS" 👀
https://investors.globalstar.com/node/15606/html
Balloons 🎈 everywhere.
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Remember when Google actually made that proposition and it was for real?
Simpler times...
