A lot has changed since I called Iridium Communications (NASDAQ: IRDM) my top space economy stock a year ago. But the satellite network operator continues to deliver the goods.
Share prices are up well over 400% since I bought them a few years ago -- including a 60% jump in 2020 -- and the run may not be over as the company continues to add new subscribers to its globe-spanning voice and broadband service. New competition could be on the way (think SpaceX's Starlink), but there's still a lot to like about Iridium's business.
Image source: Getty Images.
For further details see:
This Space Stock Has Obliterated Stock market Returns Over the Last 5 Years. Will It Continue?