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Iridium

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

Verified facts grounded in source documentation.

Iridium’s first launch took place from Vandenberg on 1997-05-05 and carried five Iridium satellites to orbit on a Delta II rocket.

NARRATIVE GENERAL9/15/2022Iridium Partners with SpaceX to Launch 5 Ground Spare Satellites on Falcon-9 Rocket

Iridium’s first launch in company history took place from Vandenberg on 1997-05-05.

NARRATIVE GENERAL9/9/2022Iridium announces their 9th SpaceX launch to occur in mid-2023

Iridium recorded revenue of $175,000,000 for the three months to the end of June 2022, a 17% increase compared with the same period in 2021.

NARRATIVE FINANCIAL7/27/2022Iridium enters development deal to bring its network to smartphones

Matt Desch disclosed plans to deploy Iridium’s ground spares during the company’s 2022-04-19, first-quarter earnings call.

NARRATIVE GROWTH4/21/2022Iridium in talks to launch more backup satellites this year

Iridium reported first-quarter 2022 revenue of $168.2 million, a 15% increase compared with the same period in 2021.

NARRATIVE FINANCIAL4/21/2022Iridium in talks to launch more backup satellites this year

Satelles raised $26,000,000 in its latest funding round in 2019 with participation from Iridium to expand marketing efforts and accelerate product development.

NARRATIVE FINANCIAL9/22/2021Xona Space Systems fully funds GPS-alternative demo mission

Iridium secured $1,800,000,000 of relatively low-interest, long-term ECA-backed debt in 2010.

NARRATIVE FINANCIAL3/24/2021Is there still space for export credit agencies?

The Falcon 9 first stage that landed first flew in 2018-09-01 launching the Telstar 18 Vantage satellite, flew the final Iridium mission in 2019-01-01, and launched four Starlink missions beginning in 2019-05-01, most recently on 2020-08-18.

NARRATIVE GENERAL11/24/2020SpaceX sets new Falcon 9 reuse milestone on Starlink launch

Iridium plans to invest around $10–12 million over the next three years to upgrade a gateway station in Hawaii dedicated to U.S. government services.

NARRATIVE GROWTH9/16/2019Iridium lands seven-year, $738.5 million Defense Department contract

Iridium plans to launch the final 10 Iridium Next satellites on a SpaceX Falcon 9 in November.

NARRATIVE GROWTH9/12/2018Iridium to finish deorbiting legacy constellation early next year

Iridium spent $132,000,000 in capital expenditures in the past three months, most of it on Iridium Next.

NARRATIVE GENERAL8/6/2018Iridium posts sharply higher revenue, forecasts decade-long capex holiday

Aireon raised $69,000,000 from NATS to begin making hosting payments to Iridium Communications.

NARRATIVE FINANCIAL5/16/2018Aireon partner invests $69 million in space-based aircraft tracking system
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