Story perspectives
Globalstar Shares Surge as Sale Talks with SpaceX Begin
10/31/2025
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Story summary
- Globalstar Inc. is considering a potential sale and has engaged in early discussions with SpaceX and other buyers.
- Globalstar's shares rose as much as 31% on Thursday amid the sale talks.
- The company is working with an investment bank to facilitate the sale and has not made a final decision.
- Apple, which invested up to $1.5 billion in Globalstar for iPhone services, could influence the company's future.
