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Iridium had told analysts to expect 2020 revenue to exceed 2019’s $447,200,000 by 6–8% prior to the coronavirus pandemic.
Iridium operates an L-band network of 66 satellites in low Earth orbit and opposes Ligado’s plan.
Tethers Unlimited would need to be paid more than $10,000 per satellite to attach Terminator Tape to abandoned spacecraft, based on the price Iridium CEO Matt Desch floated as a conversation starter.
SpaceX used the same Falcon 9 booster to launch 60 Starlink satellites in May 2019, 10 Iridium Next satellites for Iridium in January 2019, and Telesat Canada’s Telstar 18 Vantage in September 2018.
Iridium Communications completed disposal of the last of its 65 working legacy first-generation satellites on 2019-12-28.
Ninety-five Iridium satellites were launched between 1997 and 2002, of which 30 malfunctioned and remain in low Earth orbit.
The 2009 collision between the defunct Russian satellite Cosmos-2251 and active Iridium-33 produced over a thousand pieces of space debris and is considered one of the worst known debris-generation events in Earth orbit.
The Falcon 9 booster used on 2019-11-11 previously launched 10 Iridium Next satellites in 2018-07-01, CONAE’s Saocom-1A in 2018-10-01, and PSN’s Nusantara Satu in 2019-02-01.
Iridium completed a $1,450,000,000 refinancing to pay off loans it acquired to purchase its second-generation constellation, which is now in orbit.
Iridium’s new loan is due in 2026 and includes a $100,000,000 five-year revolving credit line.
Iridium borrowed $1,450,000,000 on 2019-11-04 and used that funding, along with cash, to repay $1,550,000,000 in export credit loans from Bpifrance Assurance Export.
DEUCSI is testing the Iridium Certus service under a $2,500,000 contract.
The Gateway Evolution IDIQ follows an $8,570,000 task order Iridium received in 2016 to ready the gateway for Iridium Next.
Iridium Communications received a five-year Gateway Evolution indefinite delivery/indefinite quantity contract to upgrade a gateway station dedicated to making its satellite communications services available for the U.S. Department of Defense.
Iridium Next is a completed 66-satellite constellation that uses L-band frequencies.
Iridium plans to provide speeds up to 1.4 megabits per second for voice and data services through an offering called Iridium Certus.
Iridium and OneWeb signed a memorandum of understanding at Iridium’s annual partner conference in Coronado, California on 2019-09-17.
The new Enhanced Mobile Satellite Services contract is two years longer and $238,500,000 higher than Iridium’s five-year contract signed in 2013.
In 2018 U.S. government customers generated $105,700,000 of Iridium’s $523,000,000 in revenue, about 20% of the company’s total revenue for the year.
Iridium Next is a second-generation constellation that finished deployment in January and cost about $3,000,000,000 to build.