Jun. 30 at 12:02 AM
$RKLB I was not familiar with Iridium and so I have been reading about it. It is an incredibly interesting company. Unlike Starlink, it has superior weather penetration, i.e., it works under all weather conditions, e.g., hurricanes, and has full coverage pole to pole. So, if you need help in the middle of an hurricane, your call will be answered :) As a result, Iridium main customers are the US Space and Allied Air Forces, Commercial Airlines, Shipping Fleets, Mining, oil and Gas and Forestry companies. In short, they offer critical services around the world that no other company offers. So, RKLB has just purchased a company that no government or organization can live without :) Great move! From Gemini Pro:
Iridium provides "safety-of-life" and critical operations connectivity. When losing a signal is simply not an option, organizations pay a premium. Their ~2.5 million subscribers are heavily concentrated in B2B and government sectors.
