Globalstar

Apple already invested early half a billion dollars into its satellite communications partner Globalstar, and now the iPhone maker is upping its payout. This time there are more strings attached, however, as the $252 million investment comes in the form of a loan.

Apple announced its new iPhone 14 phones today with the long-rumored feature of satellite connectivity when using Emergency SOS. This service will be powered by the long-time satellite service provider Globalstar.