Globalstar shares are up 50% on Monday: here’s why

Globalstar Inc. (NYSEAMERICAN: GSAT) shares jumped about 50% this morning as AppleInsider cited analyst Ming-Chi Kuo’s note that said Apple Inc. (NASDAQ: AAPL) might collaborate with the Louisiana-based company to make its upcoming iPhone 13 come with satellite communication connectivity. “A customised version of the Qualcomm X60 baseband chip that Apple is expected to use […]