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Iridium Communications Inc.
Iridium Communications completed the acquisition of the remaining 60.5% equity interest in Aireon Holdings for approximately $366.7 million on July 2, 2026, making it a wholly owned subsidiary. Additionally, the company entered into a definitive merger agreement on June 28, 2026, to be acquired by Rocket Lab Corporation and disclosed a special retention award program for its employees.…more
Iridium Communications Inc.
Iridium Communications reported Q3 2026 revenue of $245.7 million and net income of $106.9 million. The company completed the acquisition of Aireon, and its pending acquisition by Rocket Lab was approved by stockholders on September 24, 2026, with 99.6% in favor, expected to close by mid-2027.…more
Iridium Communications Inc.
Iridium Communications Inc. insider Frazier Leon Anthony filed a statement regarding changes in beneficial ownership of securities as of September 30, 2026. This filing is a routine disclosure of insider share transactions and does not contain any material financial updates or corporate events.…more
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Iridium Communications Beats Q3 Earnings and Revenue Estimates
Iridium Communications reported Q3 earnings of $0.98 per share and revenue of $245.733 million, both surpassing analyst expectations. The results represent a significant year-over-year increase in both profitability and top-line growth.…more
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AST SpaceMobile has signed a Letter of Intent with major European mobile operators to explore a joint bid for satellite services. While the initiative aims to expand mobile coverage across Europe, no specific financial terms or revenue projections were disclosed.…more
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Iridium Communications is integrating its NTN Direct satellite connectivity into Altair Semiconductor's ALT1350 and next-generation ALT1550 IoT chipsets. This integration allows device manufacturers to provide global IoT connectivity without the need for additional satellite modems.…more
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