Q: It appears Globalstar has not denied the rumours about selling itself to Starlink. So there must be some truth to the rumours. Presumably once Musk controls Globalstar he would cancel or buyout Globalstar’s contract with MDA leaving MDA with no business? I understand Apple owns 20% of Globalstar so they would have to agree to the Musk buyout. I can see Apple not wanting to be at Musk’s mercy but also not wanting to operate Globalstar’s business. Any idea what the future holds for MDA. I’m a shareholder.
Jim
Jim
5i Research Answer:
While it is possible, it is still at this point all speculation. MDA reports on Nov 14, and so...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in AAPL.