The analyst highlights Globalstar's recent $1.5 billion investment from Apple, including $1.1 billion in prepayments for infrastructure and a $400 million equity stake. This partnership is expected to significantly boost Globalstar's revenue and fund its network expansion, moving beyond its current limited emergency services to more traditional smartphone satellite capabilities.
“This is the kind of partnership with apple that could potentially bring much more Revenue in remember that was $1.1 billion in prepayments based on the current run rate of the business that's more than four years of Revenue so it's likely that their revenue is going to increase and getting a prepayment from Apple to fund the network expansion I think it's going to ultimately be a really good move.”