Shares of Globalstar Inc. GSAT, -19.36% took an afternoon dive Tuesday, as investors expressed disappointment that Apple Inc. AAPL, -1.16% did not say its new iPhone 13s would support satellite communications. The mobile satellite services company's stock sank 19.4%, after being down 5.3% just before the start of Apple's iPhone 13 launch event.
Globalstar's stock takes a dive after Apple didn't say its new iPhone supports satellite communications