Shares of Globalstar Inc. GSAT,
have risen 49% in trading Monday morning after a report indicated that Apple Inc. AAPL,
you may want to add satellite communications to your next iPhone and could work with Globalstar to do so. MacRumors cites a report by analyst Ming-Chi Kuo that says Apple’s iPhone 13 will offer low-orbit (LEO) satellite communications that will allow users to send messages or make calls even if they don’t have 4G mobile connections or 5G. The iPhone 13 will have a custom QCOM from Qualcomm Inc.,
chip that supports satellite communications, according to the report. Globalstar declined to comment on the report. Apple did not immediately respond to MarketWatch’s request for comment. Globalstar shares have risen 530% in the last twelve months, as the S&P 500 SPX,
has risen 29%.