Iridium Communications' Ascent Means It's Time For A Downgrade

2026-03-12 12:35:27 ET

Back in early December of last year, one company that I decided to take another crack at was satellite owner and operator Iridium Communications ( IRDM ). Before I started studying investing, economics, and accountancy in college, I intended to become a theoretical astrophysicist. So you can imagine how exciting space is to me. It also happens to represent a massive market opportunity. According to one source , the global market for space was already worth $570 billion in 2023. And by July of 2024, about 80% of revenue came not from the government but from commercial customers instead. As governments and companies both continue to make additional investments in space, we can expect the industry to expand further. And according to that same source, the market should expand to $2 trillion by the year 2040....

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