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$IRDM
Iridium Communications Inc.
Iridium provides voice, data, and positioning, navigation and timing services through a low-Earth orbit satellite network with 66 operational satellites and related ground infrastructure. Its customers include businesses, U.S. and foreign governments, non-governmental organizations, and consumers, particularly those operating where terrestrial networks are unavailable or limited. Services support uses such as mobile communications, asset tracking, maritime and aviation communications, Internet of Things applications, and satellite-based time and location services. Iridium also provides engineering, operations, maintenance, and support services to government customers, and hosts payloads for other customers. Iridium’s offerings include Iridium Certus broadband, midband and IoT services, satellite-based PNT services, and equipment such as handsets, transceivers and data devices. It sells mainly through a wholesale network of service providers, value-added resellers and manufacturers, which integrate its technology and sell services and products to end users. Iridium also sells airtime directly to the U.S. government. Its headquarters are in McLean, Virginia.
SpaceX acquired T-Mobile's 800 MHz licenses for $3.6B, pending regulatory approval. SpaceX reported Q3 revenue of $14.6B, up 161%. T-Mobile, Verizon, and AT&T also reported earnings, with T-Mobile raising guidance. Shares fell sharply on October 9.
Iridium Communications (IRDM) reported Q3 2026 earnings, beating estimates with $0.98 EPS on $245.7M revenue, driven by its Aireon acquisition. Rocket Lab (RKLB), which is acquiring Iridium, saw its stock rise 4.5% post-earnings. Analysts expect Iridium to contribute significantly to Rocket Lab's profitability in 2027.
Iridium Communications reported Q3 2026 revenue of $245.7M, up 8% YoY, with service revenue growing 13% due to Aireon acquisition. Total billable subscribers increased 6% YoY to 2.7M, driven by commercial IoT. Commercial service revenue was $159.9M, up 16% YoY, while government service revenue grew 2% to $27.6M.
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SpaceX acquired T-Mobile's 800 MHz licenses for $3.6B, pending regulatory approval. SpaceX reported Q3 revenue of $14.6B, up 161%. T-Mobile, Verizon, and AT&T also reported earnings, with T-Mobile raising guidance. Shares fell sharply on October 9.
Iridium Communications (IRDM) reported Q3 2026 earnings, beating estimates with $0.98 EPS on $245.7M revenue, driven by its Aireon acquisition. Rocket Lab (RKLB), which is acquiring Iridium, saw its stock rise 4.5% post-earnings. Analysts expect Iridium to contribute significantly to Rocket Lab's profitability in 2027.
Iridium Communications reported Q3 2026 revenue of $245.7M, up 8% YoY, with service revenue growing 13% due to Aireon acquisition. Total billable subscribers increased 6% YoY to 2.7M, driven by commercial IoT. Commercial service revenue was $159.9M, up 16% YoY, while government service revenue grew 2% to $27.6M.
Argus lowered its price target for Iridium Communications Inc (IRDM) to $37.00. The company provides global communications services. The earnings estimate is $44.25.
Rocket Lab's stock fell 23% in a week, its worst decline since its IPO, due to Neutron rocket delays and regulatory challenges to its Iridium acquisition. The company generates 19% of revenue from launch services, with 81% from space systems. Its backlog is $2.36B, exceeding 2026 revenue projections. Analysts expect 38% and 31% revenue growth in 2027 and 2028, respectively, contingent on Neutron's success and Iridium's acquisition.
Rocket Lab (RKLB) stock rose 3.9% in pre-market trading after announcing Q3 2026 earnings release on November 9. Analysts noted upside potential from current levels. The company's NASA spacecraft rehearsed a Mars maneuver, and Iridium Communications, its acquisition target, reported strong Q3 2026 results, with 99.6% approval for the deal. The broader market also gained, with the Nasdaq up 0.7% and the S&P 500 up 0.3%.
Iridium Communications Inc. (IRDM) reported Q3 2026 revenue of $245.7M, up from $226.9M YoY, with 2.7M subscribers. Operating expenses rose to $214.1M, and debt stands at $26.8M. The company faces competition, regulatory hurdles, and valuation concerns, with a GF Score of 82/100 but a financial strength rating of 4/10. The stock is seen as overvalued at $43.94 vs. a GF Value of $36.65.
Iridium Communications reported Q3 2026 revenue and net income, completed Aireon acquisition, and received stockholder approval for Rocket Lab's acquisition. Subscribers grew to 2.7 million. Commercial and government services drove revenue growth. Iridium paid a quarterly dividend and assumed Aireon's credit facility.
Ukrainian President Zelenskyy reported Starlink drones lost connection at speeds over 100 mph in Ukraine, while EU terminals worked normally. SpaceX and U.S. officials denied involvement. SpaceX shares fell 10.17% last week, while Eutelsat gained 23% as Europe's only low Earth orbit broadband rival. Other space stocks also saw significant moves.
Rocket Lab (RKLB) announced a delay in its Neutron rocket launch to 2027, causing shares to drop 7.85% to $59.18. The company also plans to acquire Iridium, with the deal expected to close mid-2027, and signed a multi-year contract with Synspective for 20 Electron launches. Retail sentiment for RKLB hit an all-time low, with concerns about share dilution and stock performance.