Iridium Communications
LEO comms with 66 cross-linked satellites. Original D2D provider. 2.0M IoT subscribers. Cash-cow model. Expanding NTN Direct standards-based IoT.
FINANCIAL HEALTH
CAPITAL & CREDIT PROFILE
Reported fundamentals from SEC XBRL companyfacts. Derived figures carry their formula in the caption.
Latest quarter (Q2 ended 2026-06-30, filed 2026-07-22): revenue $225.2M · net income $9.7M · cash $184.2M — SEC XBRL.
DEBT TRANCHES (4)
| Tranche | Principal | Rate / spread | Maturity | SEC accession |
|---|---|---|---|---|
| Credit And Guaranty Agreement Term Loan | $183.4M | — | 2027-05-13 | 0001418819-26-000032 |
| Aireon Outstanding Debt Facility | $155.0M | 6.25% | 2028-10-31 | 0001418819-26-000032 |
| Term Loan | $1.76B | 2.25% | 2030-09-01 | 0001418819-26-000026 |
| Aireon Credit Agreement Term Loans | — | 6.25% | — | 0001104659-26-081335 |
| Total (unmatured) | $2.10B |
Total = sum of listed unmatured tranche principal. Extracted from SEC filings; tranche-level, not exhaustive. Rate / spread = interest_rate_bps ÷ 100 — fixed coupon or floating-rate spread, as extracted from the filing; floating-rate bank debt shows the spread over its reference rate, not all-in cost.
Tranche principal is face value from filings and may exceed the balance-sheet long-term-debt figure (XBRL concept coverage); reconciliation pending ingest extension.
Source: USAspending.gov award obligations matched to this company. Obligations, not recognized revenue.
FLEET & LAUNCH PARTNERS
Satellite operator — does not operate launch vehicles. Primary launch partner: SpaceX (Falcon 9 for Iridium NEXT).
CONSTELLATION ACTIVITY
Constellations operated by this company — live satellite counts from the CelesTrak/GCAT object catalog.
| Constellation | Active | Total | Decayed | Health | Most recent deployment |
|---|---|---|---|---|---|
| Iridium NEXT | 108 | 188 | 81 | 57.4% | May 20, 2023 |
RECENT DEALS & CONTRACTS
| Date | Type | Amount | Counterparty | Significance |
|---|---|---|---|---|
| Jul 06, 2026 | Spac Merger | — | Iridium Communications, Aireon | Critical |
| Jun 30, 2026 | M And A | $8.00B | Rocket Lab, Iridium Communications | Critical |
| Jun 29, 2026 | M And A | $8.00B | Rocket Lab, Iridium Communications | Critical |
SECTOR POSITION
RECENT COVERAGE
| Date | Source | Headline |
|---|---|---|
| Jul 27, 2026 | NASASpaceFlight | Launch Preview: Falcon 9 and Chang Zheng rockets set to launch this week |
| Jul 21, 2026 | Payload Space | FCC Eyes Wi-Fi and Bluetooth Bands for Satellites |
| Jul 06, 2026 | SpaceNews | Iridium folds Aireon aviation safety service into Rocket Lab-bound business |
| Jun 30, 2026 | Payload Space | Rocket Lab Enters the Satcom Market With $8B Iridium Deal |
| Jun 29, 2026 | Space.com | 'The start of a new era': Rocket Lab buying satellite-communications company Iridium for $8 billion |
REGISTRY DATA
Source: space_company_registry.json · Operator homepage → · Corporate homepage (February 2026 press releases) documents Iridium Communications Inc. (NASDAQ: IRDM), Iridium NEXT constellation, and Iridium Certus service — establishing operator status in the sat
METHODOLOGY
Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.
Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.