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  • Iridium Communications,
  • Earth Orbit, Satellites,
  • USA
  • Stock
  • LEO
  • Earth Orbit, Satellites
  • USA
  • Yes

Iridium offers voice and data services anywhere on the world via its constellation of 66 interconnected low earth orbit (LEO) satellites. It is deemed a highly resilient service, used by industries for mission-critical, reliable, low-latency, weather-resilient communications, 24/7, globally.
Iridium Communications is also a wholesaler, with over 500 partners, on-selling their satellite services, who also develop applications and devices used on Iridium’s one-of-a-kind network.
Key markets are maritime, aviation, government, land-based handset, and Internet of Things (IoT).
Iridium’s original constellation was launched in the late 1990s and is 66 satellites in low Earth orbit.

  • Recent measures to pay a dividend, coupled with the ever-growing needs for global space-based communications, has server Iridium well. As a investor in defense stocks, Iridium is at fair value, and currently does not seem over-priced.

What’s new, and of interest to space stock investors, who also want to invest in Space Force, is Iridium NEXT: Starting in the early 2010s, Iridium started a massive upgrade costing $3 billion, known as Iridium NEXT.

This was the launching of a new generation of 66 satellites, more advanced and capable than their predecessor. These new satellites have increased data speeds, better voice quality, and additional features like satellite-based GPS.

Is an Investment in Iridium an investment in Space Force? Answer: Partially, and there is room to move. According to Space New (June2024), Iridium was awarded a contract within the U.S. Space Force (awarded by the Space Systems Command’s Commercial Space Office (COMSO)).  This is a new five-year contract valued at $94 million to provide communication services to the U.S. Department of Defense.

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