Iridium

Iridium

Global mobile satellite communications provider

Overview

Globally connect people and machines with satellite-based communications. Iridium provides mobile satellite services that cover the entire globe from pole to pole, including regions without terrestrial networks. Its network uses a constellation of low-Earth orbit, cross-linked satellites to deliver voice and data to users, backed by ground infrastructure and a wide partner network. The system works by letting user devices communicate with nearby satellites, which relay signals through the network to anyone on Earth, even in remote areas. Iridium differentiates itself by offering true global pole-to-pole coverage and a secure, reliable service that serves commercial industries as well as government and defense customers, including U.S. and international agencies. The company aims to grow its profitable customer base and partner ecosystem by expanding demand for global, secure communications across maritime, aviation, utilities, transportation, and other sectors.

About Iridium

Simplify's Rating
Why Iridium is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Consulting

Enterprise Software

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

McLean, Virginia

Founded

1991

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 3.8% to $225.2 million, beating estimates.
  • Subscribers reached 2.627 million in Q2 2026, up 6% year over year.
  • Furuno's SOLION-100 and 150+ PNT ASIC prospects show fresh partner demand.

What critics are saying

  • Rocket Lab's $8 billion acquisition closes mid-2027, forcing integration and approval risk.
  • Starlink and other LEO players compress pricing in broadband, IoT, and defense.
  • A failed merger or subscriber churn would erase Iridium's standalone premium valuation.

What makes Iridium unique

  • Iridium owns the only truly global L-band LEO network, including polar coverage.
  • Aireon adds space-based air traffic surveillance, deepening aviation safety switching costs.
  • Iridium PNT ASIC expands the platform into anti-jam timing and navigation hardware.

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Funding

Total Funding

$400M

Above

Industry Average

Funded Over

3 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Paid Vacation

Hybrid Work Options

Paid Sick Leave

Professional Development Budget

Performance Bonus

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-7%

1 year growth

-7%

2 year growth

-7%
PR Newswire
Sep 1st, 2026
Furuno launches SOLION-100 terminal for Iridium GMDSS maritime safety communications

Furuno Electric has unveiled its SOLION-100 terminal for Iridium GMDSS, combining Global Maritime Distress and Safety System, Ship Security Alert System, and Long-Range Identification and Tracking capabilities in a single platform. The terminal uses Iridium Certus 100 technology and operates on Iridium's low-Earth orbit satellite network, providing global coverage including polar regions. Iridium GMDSS became operational in 2020 after International Maritime Organization recognition, marking the first new satellite GMDSS provider since the system's establishment. The service supports maritime safety communications from navigational warnings to distress alerts and direct voice contact with rescue coordination centres. The SOLION-100 will be available for retrofit applications in late 2026, with newbuild project availability expected in 2027. The announcement was made at SMM Hamburg in September 2026.

KeepTrack
Aug 11th, 2026
IRIDIUM 114: satellite of the day, 11 aug 2026.

IRIDIUM 114: satellite of the day, 11 aug 2026. IRIDIUM 114, launched January 2017 on the first Iridium NEXT Falcon 9 mission from Vandenberg, orbits at 774 x 793 km providing L-band comms and ADS-B tracking. IRIDIUM 114 is a communications and traffic monitoring satellite operated by Iridium LLC, part of the Iridium NEXT constellation that replaced the original Iridium fleet starting in 2017. It launched on January 14, 2017, from Vandenberg Space Force Base (SLC-4E) aboard a SpaceX Falcon 9. This was the first Iridium NEXT launch, carrying ten satellites that began the multi-year replacement of one of the most ambitious satellite constellations ever built. Now over nine years into a ten-year design life (with a planned fifteen-year operational target), IRIDIUM 114 remains active in its near-polar orbit. The satellite provides L-band voice and data services, carries Ka-band cross-links for inter-satellite routing, and hosts secondary payloads for ADS-B aircraft tracking and AIS ship monitoring. Mission and history. The Iridium NEXT program replaced all 66 active satellites (plus spares) in the original Iridium constellation, which had been operating since the late 1990s. Iridium LLC contracted Thales Alenia Space (through Orbital ATK, now part of Northrop Grumman, as the bus manufacturer) to build 81 NEXT satellites on the ELiTeBus-1000 platform. The January 2017 inaugural launch was also a milestone for SpaceX, marking the company's return to flight after the September 2016 AMOS-6 pad explosion. IRIDIUM 114 (designated SV114) carries the standard NEXT payload suite: an L-band communications array for mobile voice and data, Ka-band inter-satellite cross-links that let the constellation route traffic without ground relays, and Ka-band gateway downlinks. The satellite also hosts an Aireon ADS-B receiver for real-time global aircraft surveillance, a capability the original constellation lacked. Some NEXT satellites additionally carry exactEarth AIS receivers for maritime vessel tracking. The satellite measures 3.1 meters long with a 1.5-meter diameter and a 9.4-meter span when its two solar arrays are deployed. Dry mass is 700 kg, with a launch mass of 860 kg. The radar cross-section of 2.44 m^2 reflects the half-hexagonal prism body and extended panel geometry typical of the NEXT design. Orbit analysis. IRIDIUM 114 operates in a near-circular low Earth orbit at roughly 774 x 793 km with an inclination of 86.39 degrees, consistent with the Iridium constellation's near-polar orbital planes. Over the past 89 days, the semi-major axis has been exceptionally stable, varying by only about 13 meters between its minimum and maximum values. The near-zero delta of -0.00008 km across the observation window indicates active station-keeping or, at minimum, negligible drag at this altitude. Inclination has drifted down by 0.0026 degrees over the same period, a small secular trend driven by gravitational perturbations (primarily the J2 oblateness effect and luni-solar forces). Eccentricity holds near 0.00133, confirming the orbit remains very close to circular. None of these trends suggest any anomaly or decommissioning activity. Photometry. IRIDIUM 114 has a mean clear-filter magnitude of 5.93 (σ = 0.5, median 6.0) with a recorded range from 1.77 to 7.55. The satellite is classified as non-variable with no detected periodicity, meaning its brightness stays relatively steady across observation passes. The occasional bright excursions down to magnitude 1.77 likely correspond to specular reflections off the solar panels at favorable sun-observer geometry, though these are far less dramatic than the infamous "Iridium flares" produced by the original constellation's door-sized main mission antennas. Photometric data from the MMT-9 (Mini-MegaTORTORA) survey. Quick facts. | Detail | Value | | NORAD ID | 41923 | | COSPAR ID | 2017-003G | | Operator | Iridium LLC | | Country | United States | | Launch Date | January 14, 2017 | | Launch Site | Vandenberg SFB, SLC-4E | | Launch Vehicle | Falcon 9 | | Mass | 860 kg (launch), 700 kg (dry) | | Orbit | 774 x 793 km, 86.39° inclination | | Purpose | Communication, traffic monitoring (ADS-B/AIS) | | Status | Active | Theodore Kruczek. Theodore 'TK' Kruczek is a radar analyst and former Air Force Major specializing in Space Operations. He is passionate about open-source projects, coding, craft beer, and writing. TK is the creator of KeepTrack.Space and has developed tools like the Orbital Object Toolkit and SignalRange.

Yahoo Finance
Aug 1st, 2026
Rocket Lab to turn profitable in 2027 with $22B Iridium acquisition

Rocket Lab is set to become profitable and free-cash-flow-positive in 2027 following its acquisition of satellite company Iridium, according to a new analysis. The prediction comes as Rocket Lab currently reports $183 million in GAAP losses and burns through $316 million in negative free cash flow over the past 12 months. Iridium brings $93 million in GAAP profit and $288 million in positive free cash flow to the deal. The merger is expected to close in mid-2027. Analysts forecast the combined company will earn $137 million in 2027, with positive free cash flow of $425 million. Rocket Lab's losses are projected to shrink to $24 million by then, whilst Iridium's earnings are expected to reach $161 million.

Yahoo Finance
Jul 22nd, 2026
Iridium revenue rises 4% to $225M despite earnings miss on Rocket Lab deal costs

Iridium Communications reported second-quarter 2026 results that missed earnings expectations but exceeded revenue forecasts. The satellite communications company posted adjusted earnings per share of $0.09, below the $0.28 consensus estimate, as transaction costs related to its pending Rocket Lab acquisition weighed on profitability. Revenue increased 4% year-over-year to $225.2 million, surpassing the $220.6 million forecast. Net income declined to $9.7 million from $22.0 million in the prior-year quarter. The company ended the quarter with 2.627 million billable subscribers, up 6% year-over-year, driven by commercial Internet of Things growth. Iridium completed its $366.7 million acquisition of Aireon on 2 July 2026, expected to contribute $100 million in annual service revenue. Despite the earnings miss, shares rose 1.80% in premarket trading.

Yahoo Finance
Jul 22nd, 2026
Iridium beats Q2 revenue estimates with $225M sales, up 3.8% year-on-year

Satellite communications provider Iridium reported second-quarter 2026 results that exceeded Wall Street's revenue expectations. Sales rose 3.8% year on year to $225.2 million, beating analyst estimates of $221.8 million. However, the company's GAAP profit of $0.09 per share fell 65.7% below consensus estimates of $0.26. Adjusted EBITDA reached $119.1 million with a 52.9% margin, missing analyst forecasts of $121.5 million by 2%. Iridium's operating margin declined to 15.1% from 23.2% in the same quarter last year. The company added 703,000 subscribers year on year, bringing its total to 2.63 million. Over the past five years, Iridium achieved a solid 8.3% compounded annual revenue growth rate. Analysts expect revenue to grow 2.6% over the next 12 months.

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