IR
Iridium Communications
🇺🇸United StatesSatellite Communications
IRDMNASDAQSpace Revenue: 100% space-derived revenue — pure satellite communications company
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Space Relevance
Global satellite communications — 66-satellite LEO constellation with pole-to-pole coverage
Competitive Position
Only truly global comms constellation (including poles). Cash-cow business — constellation fully deployed, minimal capex. Stable government/maritime revenue base. Risk: Starlink competition in broadband, but Iridium's L-band serves different reliability-critical use cases.
Key Space Programs
Iridium NEXT — 66 operational L-band satellites (completed 2019)Iridium Certus — broadband maritime and aviation serviceIoT connectivity for remote assets (maritime, aviation, government)
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Recent Space News
Revenue $212.94M; 2026 OEBITDA guidance $480-490M
2025
Service revenue guidance flat to +2% — mature constellation, focus on cash generation
2026