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Globalstar soars 68% amid speculation that upcoming iPhone 13 will include its satellite technology

August 30, 2021

Shares of Globalstar popped as much as 68% on Monday amid ongoing speculation that its satellite-based technologies may be included in the upcoming iPhone 13.

According to MacRumors, citing an analyst note from Ming-Chi Kuo of TFI Securities, Apple may include technology in its upcoming iPhone launch that would enable users to make texts and calls without 4G or 5G cell service via low earth orbit satellites.

The LEO satellite communication service provider that is “most likely to cooperate with Apple in terms of technology and service coverage” is Globalstar, Kuo reportedly said, adding that Qualcomm has apparently been working with Globalstar on the technology.

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