Satellite service provider, Globalstar shares rose rapidly more than 50% Monday after a report that the following iPhone will be able to use satellite communications.
TFI Securities analyst Ming-Chi Kuo predicted in a letter to investors last weekend that: Apple is “optimistic about the trend of satellite communications” and “probably will” include the ability to connect to alien networks in its upcoming iPhone.
Apple has not released any details about the new iPhone, but it is expected to launch sometime this year. The phone has no official name, but many call it the iPhone 13.
Globalstar operates an existing satellite telephone network of 24 satellites in low Earth orbit. Kuo said the company is most likely working with Apple.
“If Apple enables the relevant software features, iPhone 13 users will be able to make calls and send messages via satellite when they are not within 4G/5G coverage,” Kuo wrote.
Globalstar did not immediately respond to the request for comment on the Kuo note.