Originally Posted by
Gertrude the Wombat
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.