Shares of Globalstar Inc. GSAT, +44.41% are up 49% in Monday morning trading after a report indicated that Apple Inc. AAPL, +2.16% may be looking to add satellite communications to its next iPhone and could work with Globalstar to do so. MacRumors cites a report from analyst Ming-Chi Kuo saying that Apple's iPhone 13 will offer low-earth orbit (LEO) satellite communications that will let users send messages or make calls even if they don't have 4G or 5G cellular connections.
Globalstar stock rockets after report says Apple could add satellite communications to next iPhone