Apple's recent collaboration with SpaceX and T-Mobile to integrate Starlink satellite connectivity into its iPhone software has generated considerable interest. The iOS 18.3 update now allows select T-Mobile users to connect their iPhones to Starlink satellites, enabling text messaging in areas lacking traditional cellular coverage. This strategic move, approved by the Federal Communications Commission, marks a significant expansion of Apple's satellite communication capabilities, previously limited to its partnership with Globalstar. The potential for future expansion to include voice and data services could further enhance the utility of iPhones, especially in remote areas, and is seen as a strategic enhancement for Apple.
The Direxion Daily AAPL Bull 1.5X Shares ETF (AAPU) experienced a slight increase, rising 0.72% to $33.80 as of 5:00 PM on Wednesday, January 29.