03:23 PM EDT, 10/30/2025 (MT Newswires) -- Globalstar ( GSAT ) is exploring a potential sale and has held early discussions with SpaceX and other potential buyers, Bloomberg reported Thursday, citing people familiar with the matter.

The satellite company is working with an investment bank on the process and could still decide to remain independent, the report said.

Apple ( AAPL ) , which invested about $1.5 billion in Globalstar ( GSAT ) last year for satellite infrastructure and holds a 20% stake, is also likely to have a say in any deal, according to the report.

The Information reported earlier that Globalstar Chair James Monroe discussed potentially selling the company for more than $10 billion, the report said.

Globalstar ( GSAT ) shares jumped 26% in recent afternoon trading after resuming trade following a 10-minute halt.

Globalstar ( GSAT ), SpaceX, and Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 52.26, Change: +10.72, Percent Change: +25.81