Globalstar chair discussed selling company, The Information says

The chair of Globalstar (GSAT), James Monroe, has talked to associates about the possibility of selling his satellite company for more than $10B, according to The Information’s Aaron Tilley and Wayne Ma, citing people who heard him make the remarks. Globalstar’s current market capitalization is $5.3B, notes the report, which adds that such a deal could signal that Globalstar and Apple (AAPL) are seeking more independence from each other. At the same time, in anticipation of a possible future arrangement with Apple, Elon Musk’s SpaceX has added support in its new satellite designs for the same radio spectrum Apple uses for the iPhone’s current satellite features, which Globalstar currently provides, a person with direct knowledge of the matter told The Information.