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Iridium

US
commercial
NASDAQ: IRDM
linktr.ee/IridiumComm
Admin Edit

All verified mentions of this organization in source documents.

Iridium declared the completion of its $3,000,000,000 constellation refresh in early February with the activation of the final two spacecraft needed to complete the L-band voice-and-data network.

Mentioned as: IridiumOrg RelationshipApr 2, 2019Aireon activates service, begins flight-tracking trials

Iridium received a $2,500,000 contract under the Defense Experimentation Using the Commercial Space Internet program.

Mentioned as: IridiumOrg RelationshipFeb 28, 2019Air Force laying groundwork for future military use of commercial megaconstellations

The Falcon 9 booster that launched on 2019-02-21 was making its third flight after prior missions in July carrying 10 Iridium Next satellites and in October carrying a radar satellite for Argentina’s CONAE.

Mentioned as: IridiumNarrative GeneralFeb 21, 2019SpaceX launches satellites, moon mission on Falcon 9

The final two Iridium Next satellites entered service on 2019-02-05 at 2:15 p.m. Eastern.

Mentioned as: IridiumNarrative GeneralFeb 6, 2019Iridium ends legacy satellite service, switches all traffic to Next fleet

SpaceX launched the entire Iridium Next constellation on eight Falcon 9 launches over two years, with the final mission occurring on 2019-01-11.

Mentioned as: iridium nextTechnical ProductFeb 6, 2019Iridium ends legacy satellite service, switches all traffic to Next fleet

The legacy Iridium fleet built by Motorola and Lockheed Martin was designed mainly for voice communications.

Mentioned as: iridiumTechnical ProductFeb 6, 2019Iridium ends legacy satellite service, switches all traffic to Next fleet

By the time SpaceX launched the first Iridium Next satellites in January 2017, Iridium had already run out of spares and had lost one operational satellite.

Mentioned as: iridiumTechnical ProductFeb 6, 2019Iridium ends legacy satellite service, switches all traffic to Next fleet

Iridium announced a transceiver on 2019-01-06 that provides 35 times the data speed of existing devices.

Mentioned as: iridiumNarrative CapabilityFeb 6, 2019Iridium ends legacy satellite service, switches all traffic to Next fleet

A SpaceX Falcon 9 carrying the final set of Iridium Next satellites launched on 2019-01-11 under an existing FAA license.

Mentioned as: IridiumOrg RelationshipFeb 5, 2019Shutdown delays proposed revisions to launch licensing regulations

Iridium has launched a new suite of connectivity products and services that use the $3,000,000,000 Iridium Next satellite constellation.

Mentioned as: IridiumOrg RelationshipJan 16, 2019FIRST UP Satcom | Avio takes 10M euro loan • Iridium launches Certus  • NanoAvionics opens UK office

Aireon used part of the new funds to pay satellite operator Iridium $35,000,000 before the end of 2018 for hosting its sensor payloads on the Iridium Next constellation.

Mentioned as: IridiumOrg RelationshipJan 16, 2019Aireon paying back Iridium with help from $200M loan

Iridium borrowed $360,000,000 last year to pay down its debt without depending on Aireon payments.

Mentioned as: IridiumNarrative FinancialJan 16, 2019Aireon paying back Iridium with help from $200M loan

Aireon fell behind on making the $200,000,000 in hosting payments it owes Iridium.

Mentioned as: IridiumOrg RelationshipJan 16, 2019Aireon paying back Iridium with help from $200M loan

SpaceX launched the last 10 orbital Iridium Next satellites on 2019-01-11, bringing the number of Iridium Next satellites in space to 75, of which 66 are operational and nine are spares.

Mentioned as: IridiumOrg RelationshipJan 16, 2019Aireon paying back Iridium with help from $200M loan

Iridium expects Certus revenue to reach approximately $100,000,000 by the end of 2021.

Mentioned as: IridiumOrg RelationshipJan 16, 2019FIRST UP Satcom | Avio takes 10M euro loan • Iridium launches Certus  • NanoAvionics opens UK office

Iridium applied the $35,000,000 it received from Aireon directly to the $1,800,000,000 Iridium borrowed from the French export-credit agency Coface (now BPI France Assurance Export) to help finance Iridium Next.

Mentioned as: IridiumOrg RelationshipJan 16, 2019Aireon paying back Iridium with help from $200M loan

Iridium and SpaceX originally expected the Iridium Next missions to take place from 2015 to 2017.

Mentioned as: IridiumNarrative GeneralJan 11, 2019SpaceX completes Iridium Next constellation

Iridium first signed a contract with SpaceX in 2010 to orbit 72 Iridium Next satellites.

Mentioned as: IridiumNarrative GeneralJan 11, 2019SpaceX completes Iridium Next constellation

The Iridium Next satellites replace Iridium’s legacy fleet that was built by Motorola and Lockheed Martin and launched about 20 years earlier.

Mentioned as: IridiumNarrative GeneralJan 11, 2019SpaceX completes Iridium Next constellation

The 2019-01-11 launch completes Aireon’s network of aircraft-tracking sensors that are included as payloads onboard each Iridium Next satellite.

Mentioned as: IridiumOrg RelationshipJan 11, 2019SpaceX completes Iridium Next constellation
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