Originally Posted by
Gertrude the Wombat
Why anyone invests in these things at the construction stage when they know perfectly well that the first owner is going to go bust is a mystery to me.
From what I remember, Iridium phones were expected to be a huge market for people who travelled a lot, particularly to remote areas.
But, by the time the satellites were up there, we had a massive expansion of cellphone coverage, so much of the market had gone away.