APPLE REJECTED ELON MUSK'S SATELLITE OFFER, NOW ITS PLANS ARE IN JEOPARDY

Summary from the TLDR newsletter

Elon Musk had approached Apple with an offer in 2022 after hearing the company was planning to announce a satellite feature with the iPhone 14. His offer was for SpaceX to provide exclusive satellite connectivity to iPhones for 18 months if Apple would pay $5 billion upfront. Musk had also threatened to announce his own satellite feature that would work on iPhones if Apple couldn't come to terms with SpaceX. Apple rejected the offer and Musk made good on his threat - SpaceX announced a partnership with T-Mobile to provide satellite services for users in areas with no reception. The company's satellite efforts will likely remain very limited moving forward as it could trigger the US government to regulate it as a telecommunications carrier.