The usually reliable Bloomberg has the scoop, citing people "familiar with the work" who know what the "secret team" inside the Apple Park campus is up to.
This won't come as a complete surprise to those who've been paying attention though: there was talk of an Apple satellite network back in 2017 when Apple hired two ex-Googlers with an interest in space tech.
Those engineers – Michael Trela and John Fenwick – are now in charge of the satellite project at Apple, apparently, though the word is that it could be five years before anything is made official.