Elon Musk reportedly approached Apple years ago about an iPhone / SpaceX satellite deal. | The Verge


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Key Proposal

Elon Musk reportedly pitched a deal to Apple three years ago, offering an 18-month exclusive agreement for SpaceX satellite connectivity for iPhones. This deal involved a significant upfront payment of $5 billion and annual payments of $1 billion to support satellite-connected iPhone features.

Deal Terms

The exclusivity was a key element of Musk's offer. It was reportedly structured with a 72-hour deadline, with Musk threatening to release a competing feature if Apple did not accept within that timeframe.

Outcome

The article does not state whether Apple accepted the offer, but it highlights the ambitious nature of Musk's proposal and his willingness to pursue a competitive strategy if the deal failed.

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Elon Musk reportedly approached Apple years ago about an iPhone / SpaceX satellite deal.

The Information reports that three years ago, Musk offered Apple an 18-month exclusive connection via SpaceX in return for $5 billion up front, and $1 billion per year after that to support satellite-connected iPhone features. If Apple didnโ€™t take it within 72 hours, he threatened to announce a competing feature.

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