Dossier
Iridium Communications
Coverage of Iridium Communications in the Nexus archive.
- Iridium: Q2 Earnings Snapshot
Iridium Communications Inc. reported second-quarter earnings of 9 cents per share, missing Wall Street expectations of 26 cents per share. However, the company's revenue of $225.2 million exceeded forecasts of $221.2 million. Adjusted earnings, excluding non-recurring costs, were 19 cents per share.
- Rocket Lab buys satellite pioneer Iridium for $8B – setting up showdown with SpaceX
Rocket Lab is acquiring Iridium Communications in an $8 billion cash-and-stock deal to gain a global satellite network and wireless spectrum, aiming to compete with SpaceX. The transaction is part of recent aerospace mergers involving satellite operators.