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Iridium Communications Inc. (IRDM)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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46.01+1.64 (+3.70%)
At close: 04:00PM EDT
48.11 +2.10 (+4.56%)
After hours: 07:15PM EDT

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  • S
    Sincia
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  • P
    PCSTEL
    EagleFan

    The very intriguing issue is the following.

    As you may know, SpaceX /Starlink (as well as Kepler) has filed with the FCC to "share" GSAT' BIG LEO spectrum. Big LEO originally licensed 4 Big LEO Licensees. Only two launched GSAT/IRDM. So SpaceX/Starlink have designs on GSAT's Big Leo FDD 1610-1617 and 2483-2500Mhz assignments.
    Monroe seems to be having a bit of a spat with Musk and his designs on GSAT's spectrum. In a SEC statement released on the 12th. Monroe noted.

    "issued a statement to Company personnel: “You have all seen that many people and companies who claim to be competitors have recently made vague, hasty statements about satellite services they hope to provide someday. As you know, there is a tremendous difference between tweeting or otherwise extolling your aspirations and actually bringing a complex satellite communications service to market. We all know intimately that getting a service into the market is not possible without years of hard work overcoming technical and regulatory hurdles and without a global spectrum position--like Globalstar’s--that is up to the job."

    Now his statement "Tweeting" is a direct affront to Musk. But, I tend to think that GSAT needs Musk, much more than Musk needs GSAT. For example, we have seen the satellite order for GSAT in recent months for deliveries in 2025. But, where is the launch contract? The low-cost launch provider is obviously SpaceX. Perhaps SpaceX isn't interested in launching GSAT's new satellites in 2025? Where do they go? Russia like last time?? Obviously not. Same for the Chinese. Blue Origin/New Glenn/ perhaps, but Blue Origin / Kepler Communications is also after GSAT's Big LEO spectrum to share. So Blue Origin may not want to provide those services either. Plus we are still waiting on the BE4 (New Glenn/Vulcan) and New Glen has never flown. So that would leave ULA using the Vulcan. (never flown) and also the BE4 engine (Never flown). Perhaps ESA and the Ariane 6, which also has never flown. All of those potential options, if even available, will be much more expensive than SpaceX Falcon 9 and in some cases may not have the capability in 2025 to launch. So this could put GSAT in a very precarious position. After all, they need to raise funding in Q4. And they will need to know how much it will cost to launch for the round of potential funding.
  • E
    EagleFan
    A very interesting filing with the FCC from UL (Underwriters Lab) for Apple. It shows Apple testing their Iphone 14 pro in radio frequencies that a exclusive to Iridium. The frequencies 1610-1626 MHz are almost completely exclusive to Iridium. The iphone 14 has the Qualcomm x65 RF chip in it and that is known to work in the Iridium frequency. I am guessing that Apple thinks they need more satellite capacity than is available from GSAT, so they are also doing a deal with IRDM. IRDM will soon be announcing a deal with Apple.

    https://fcc.report/FCC-ID/BCG-E8155A/6097414
    14040866-E22V1 FCC_IC MSS Report Test Report
    fcc.report
  • G
    GEGR  Pink Diamond 14 Co's
    Iridium Communications Holding 2 % Gains for The Week and 24 % Gains for 3 months as Per MarketWatch. Is Dip-Buying Your Strategy in Sept. ??
  • w
    wollberg
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  • O
    Ohn
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  • A
    Astemborski
    Do you guys follow www.expertinvestor.club? It seems way better than all the spam on the IRDM board - The alerts have been great!
  • L
    Loustalot
    I am sick of all the spam on yahoo! I actually try to stay off of the IRDM message board now and exclusively use (http://Themaxgains.tech)
  • Z
    ZABROSKY
    Anyone else read (http://traderspot.club)? Just got a tip about IRDM from them.
  • S
    Scamy
    Doesn’t the federal gov have some kind of unlimited user agreement with Iridium? Could a hypothetical iridium sos iPhone service be comped for federal employees as part of this program?
  • P
    PCSTEL
    The money in the TMobile / Starlink deal is in Satellite IoT, and TMobile and Starlink understand this. Satellite IoT is expected to grow from a 775MM market in 2021 to a 6.7 Billion dollar market by 2031. There are a number of Satellite IoT operators like Globalstar, Irdium, Orbcomm, and Swarm. All use "dedicated spectrum", satellites, and custom user terminals for either Simplex or Duplex services. This "dedicated spectrum" creates an environment of expensive development and low quantities on a manufacturing basis. So the UT's tend to be "moderately expensive" $100's of $ due to lack of Economics of Scale in the development of components. Likewise, Service Plans tend to be a bit elevated for the tiny amount of data being transmitted/processed. Other issues are integration issues of bringing data from the Satellite IoT specific network into the corporation's other Terrestrial IoT networks. Some operators like Iridium are providing gateways via AWS. So now you say you can move this Satellite IoT into global CMRS spectrum. The Economics of Scale of the Satellite IoT User Terminal just explodes. Tiny parts/antennas/GPS/modems developed by hundreds/thousands of companies are now available to manufacture CMRS Satellite IoT devices that will be frequency agile to cover several CMRS bands for tens of dollars.. Not hundreds of dollars. In addition, the pricing plans would likely be "Highly Disruptive" to these traditional Satellite IoT providers. This is the 800lb Gorilla in the room. Companies like Iridium and Globalstar have largely dismissed these "Mega-Constellations" as any threat of competition to their futures. They have claimed in some cases that constellations like Starlink and OneWeb are actually "complementary" to their business models. Well, with this move, these Satellite IoT companies have surely modified their "viewpoints", but perhaps not publically. Especially those Simplex-centric Satellite IoT companies. After all, you go from needing specific globally harmonized Satellite spectrum to compete in this market to a point that most CMRS Spectrum can now be used as Simplex Satellite IoT. This business model will propel other Telecom Operators from around the globe to integrate this Satellite IoT featrure into their own spectrum allowing these Satellite IoT devices to roam from country to country, yet still deliver the data on a unified network that is already in place. The really expensive part of the equation is already in place. The global 4G/5G Terrestrial Core Networks. Heck, while they are at it. Starlink could add 1090Mhz ADSB receiver and give companies like Aireon a run for their money.
  • P
    PCSTEL
    Interesting.. Very Interesting..

    https://fcc.report/FCC-ID/BCG-E8155A/6097414
  • 2
    20/20
    My comment in 2019;

    “***I assume starlink is going to take a lot of Iridium's customers, at least all those that would rather have the pizza box sized antenna in exchange for 1000's of times higher bandwidth. This company's selling keyboard phones as Steve Job's is introducing the first iPhone "Do you get it now?”***

    My trading account is up 700% since then, how are you rocket scientists doing? LOL
  • U
    U2Brockus
    $GRMN conversation
    T-Mobile and SpaceX's partnership to provide text, voice, data coverage in remote geographies over Starlink satellites to cellphones for practically free will likely hurt $IRDM and $GRMN