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VOICE ARCHIVE

Tim Farrar

@tmfassociates
19 posts
2025-07-13
This explains the discrepancy between Bloomberg reporting that SpaceX was planning a primary raise and the WSJ reporting that SpaceX had $3B of cash on hand “recently”
2025-07-13 View on X
Wall Street Journal

Sources: SpaceX has agreed to invest $2B in xAI, as part of xAI's $5B equity fundraise announced by Morgan Stanley last month

The startup is leaning on Musk's business empire to play catch-up in the AI race  —  Elon Musk's SpaceX has agreed to invest $2 billion in xAI …

2025-02-11
The constraints for T/VZ subs using this service are significant, but the attempted front running of Apple's constellation plans is reminiscent of August 2022
2025-02-11 View on X
Bloomberg

T-Mobile says satellite texting, currently in beta and powered by Starlink, will cost $15/month from July 2025; AT&T and Verizon users can use it for $20/month

and how much farther we'll go. … Damien Innes : Coverage like never before, the T-Mobile Starlink Direct to Cell beta is free for anyone on any carrier until July. … Forums: r/appl...

2025-02-10
The constraints for T/VZ subs using this service are significant, but the attempted front running of Apple's constellation plans is reminiscent of August 2022
2025-02-10 View on X
Bloomberg

T-Mobile says satellite texting, currently in beta and powered by Starlink, will cost $15/month from July 2025; AT&T and Verizon users can use it for $20/month

- Anticipated upgrade goes into a free beta period until July … The service is in beta mode now and users can sign …

2024-11-27
SpaceX receives SCS authorization from FCC as expected, incl lower altitude ops, but without any OOBE changes. Particularly interesting to note it includes authorization for international use of Echostar/Omnispace MSS 2000-2020MHz UL/2180-2200MHz DL https://docs.fcc.gov/...
2024-11-27 View on X
Reuters

The FCC approves a license for SpaceX and T-Mobile to use Starlink for supplemental telco coverage from space in a bid to extend internet access to remote areas

Federal Communications Commission DA 24-1193 Before the Federal Communications … Mariella Moon / Engadget : T-Mobile and SpaceX's satellite-to-phone service gets FCC approval Ayomi...

2024-11-02
Or will Apple want to stay within the parameters of the recent FCC authorization for 26 replacements and simply upgrade the existing (and perhaps even the currently ordered) satellites to add more power and capacity?
2024-11-02 View on X
9to5Mac

Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%

Indicate by check mark whether the registrant is an emerging growth company as defined … Mudit Dube / NewsBytes : Apple invests over $1 billion to enhance satellite messaging capab...

Globalstar files 8-K with details of expanded Apple agreement for more satellites: $1.1B prepay plus $400M equity investment in special purpose entity, revenue will more than double after launch https://investors.globalstar.com/ ...
2024-11-02 View on X
9to5Mac

Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%

Indicate by check mark whether the registrant is an emerging growth company as defined … Mudit Dube / NewsBytes : Apple invests over $1 billion to enhance satellite messaging capab...

$232M of this will go to pay down existing debt, but given that refresh budget for 17 satellites was up to $500M, the remaining $1.3B may be sufficient for a further 40-80 satellites depending on capability
2024-11-02 View on X
9to5Mac

Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%

Indicate by check mark whether the registrant is an emerging growth company as defined … Mudit Dube / NewsBytes : Apple invests over $1 billion to enhance satellite messaging capab...

The interesting question is how this will be handled at FCC after the August approval. Will it require a new Big LEO processing round as SpaceX has requested? Might these satellites even use different spectrum? https://investors.globalstar.com/ ...
2024-11-02 View on X
9to5Mac

Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%

Indicate by check mark whether the registrant is an emerging growth company as defined … Mudit Dube / NewsBytes : Apple invests over $1 billion to enhance satellite messaging capab...

2024-11-01
Globalstar files 8-K with details of expanded Apple agreement for more satellites: $1.1B prepay plus $400M equity investment in special purpose entity, revenue will more than double after launch https://investors.globalstar.com/ ...
2024-11-01 View on X
9to5Mac

Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed another $1.1B to expand satellite service capacity

Satellite services provider GlobalStar today disclosed an expansion of its deal with Apple.  Apple will commit an additional $1.1 billion …

2024-09-04
@WandrMe Seems like Starlink now backing down: “Regardless of the illegal treatment of Starlink in freezing of our assets, we are complying with the order to block access to X in Brazil” despite saying earlier that they wouldn't https://arstechnica.com/... https://x.com/...
2024-09-04 View on X
Reuters

SpaceX says it's complying with a Brazilian Supreme Court justice's order to block Starlink access to X in Brazil, after the country froze some of its assets

Lula just introduced him to hammerhead sharks.  —  Starlink backtracks, complies with order blocking X in Brazil, says regulator |  Reuters https://www.reuters.com/... Bluesky: Cle...

@WandrMe Seems like Starlink now backing down: “Regardless of the illegal treatment of Starlink in freezing of our assets, we are complying with the order to block access to X in Brazil” despite saying earlier that they wouldn't https://arstechnica.com/... https://x.com/...
2024-09-04 View on X
Washington Post

A look at X's shrinking clout in Brazil even before the ban; Twitter once dominated Brazilian social media with 40M+ users, while X had an estimated 22M users

The platform formerly known as Twitter once dominated Brazilian social media, fueling nationwide protests in 2013 and propelling Jair Bolsonaro to the presidency. Forums: Hacker Ne...

2023-11-11
@antti_engineer Why didn't the OEMs include the D2D capability? Because no one has figured out how to make money from it. Apple didn't sell more iPhone 14s after adding emergency satellite messaging. And this chipset would have cost the OEMs more
2023-11-11 View on X
PCMag

Qualcomm ends its Iridium partnership to bring satellite connectivity to Android phones, started in January 2023, after low adoption by smartphone manufacturers

Sometimes apathy wins when it comes to things our phones can do. Michael Sheetz / CNBC : Iridium, Qualcomm end satellite-to-phone partnership Iridium Satellite Communications : Iri...

2023-09-14
Starlink revs are far below prior estimates at $222M in 2021/$1.4B in 2022. I've been suspicious for a while that growth is falling short and that the 1.5M “customers” noted in May did not correspond to paying subs. It makes DoD/Ukraine revs key in 2023 https://www.wsj.com/...
2023-09-14 View on X
Wall Street Journal

Docs: Starlink reported $1.4B in 2022 revenue, up from $222M in 2021, falling short of projections in 2015, as some question satellite internet's growth options

2022-09-08
So why are some people still so delusional about the size of the opportunity? https://www.lightreading.com/ ... https://twitter.com/...
2022-09-08 View on X
Reuters

Apple partners with satellite company Globalstar on Emergency SOS, agreeing to pay 95% of the approved capital expenditure to deploy new Globalstar satellites

Apple Inc (AAPL.O) on Wednesday selected Globalstar Inc (GSAT.A) as its partner for a feature that would allow iPhone 14 users …

By 2026 this increases by 35% to a max of $310M. So Apple's payments, including ~$40M-$50M for capex reimbursement, are unlikely to exceed about $200M pa. The read across to SpaceX-TMUS is that for US service (where TMUS brings the spectrum), TMUS payments might be only ~$100M pa
2022-09-08 View on X
Reuters

Apple partners with satellite company Globalstar on Emergency SOS, agreeing to pay 95% of the approved capital expenditure to deploy new Globalstar satellites

Apple Inc (AAPL.O) on Wednesday selected Globalstar Inc (GSAT.A) as its partner for a feature that would allow iPhone 14 users …

As predicted, today Apple announced a free messaging service with Globalstar. What's most interesting is how little Apple is paying, total revs of $185M-$230M in 2023 implies Apple is paying around $70M-$110M (or a bit more if duplex revenues go to zero) https://investors.globalstar.com/ ... https://twitter.com/...
2022-09-08 View on X
Reuters

Apple partners with satellite company Globalstar on Emergency SOS, agreeing to pay 95% of the approved capital expenditure to deploy new Globalstar satellites

Apple Inc (AAPL.O) on Wednesday selected Globalstar Inc (GSAT.A) as its partner for a feature that would allow iPhone 14 users …

2021-08-31
As expected, this service will support texting but not voice calls. One question is whether Globalstar will build a replacement satellite system, given the existing satellites are already 8-11 years old https://twitter.com/...
2021-08-31 View on X
Bloomberg

Source: Apple's planned satellite capabilities for the iPhone are focused on emergencies, enabling texts and crisis reports in areas without cellular coverage

- Apple plans an emergency-reporting tool for future iPhones  —  Apple Inc.'s push to bring satellite capabilities to the iPhone …

2021-08-27
Does this administration care about the FCC, given it hasn't even made nominations yet? https://twitter.com/...
2021-08-27 View on X
Axios

As the federal government prepares to deploy $42.5B for broadband development, the money will flow to states via the Commerce Department, bypassing the FCC

the agency that has traditionally doled out subsidies for internet connections — is on the sidelines. https://www.axios.com/... Tim Farrar / @tmfassociates : Does this administrati...

2021-08-24
I guess that if you can get away with charging for a service while explaining away any problems by saying its still in beta, then you'll do that for as long as possible. So will Starlink stay in beta for another 5 years, like FSD? https://twitter.com/...
2021-08-24 View on X
TechCrunch

SpaceX says it has now shipped 100K Starlink terminals to customers, and has launched more than 1,700 satellites since its first in November 2019

Elon Musk's Starlink project, which aims to provide global broadband connectivity via a constellation of satellites, has shipped 100,000 terminals to customers.