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Old 30th Mar 2018, 19:51
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G-CPTN
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Join Date: Aug 2005
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Originally Posted by Gertrude the Wombat View Post
I thought Iridium went bust?
The cost of building and launching its fleet of satellites, combined with a slower-than-planned uptake from customers, led to Iridium SSC declaring bankruptcy in 1999. Time Magazine described the company’s collapse as one of the “ten biggest tech failures of the […] decade”. A new company, which would become the present-day Iridium Communications, was formed in 2001 and purchased Iridium SSC’s assets – including the satellites – at a fraction of their value.
From:- Iridium NEXT-5 satellites ride to orbit on SpaceX Falcon 9.
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