Apple has submitted a bid worth at least $150 million a year to stream Formula 1 races starting in 2026, Business Insider reported on Friday.

Formula 1 fandom in the U.S. has been growing rapidly over the past few years. The 2025 Global F1 Fan Survey, performed by the organization itself, polled Formula 1 fans in 186 countries. Of all of these nations, the U.S. "accounts for the largest share of respondents of any individual country," said the survey.

Formula 1 may end up expanding the grid to 12 teams as the sport grows both commercially and competitively. Cadillac is entering the sport in 2026, marking the return of a all-American racing team. The following team might be a Chinese racing outfit - expanding the foothold within one of F1's most untapped markets.

The Cupertino company is in discussions with ESPN to acquire the Formula 1 broadcasting rights in the US next year, according to The Financial Times, following the success of Apple’s F1 Movie. Apple TV Plus isn’t the only streaming platform rumored to be throwing its hat in the ring,

Formula One could go back to using noisy V8 engines with fully sustainable fuel by 2029 at the earliest, according to FIA president Mohammed Ben Sulayem.

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Formula 1 season is hitting the back stretch, with 12 races complete and 12 to go. Daniel Norris, driving for McLaren, took home the checkered flag at Sunday's Grand Prix in the United Kingdom. The F1 world will head to Belgium next.