I can't believe I bought a few shares of IRDM with a few hundred bucks in my trading account. Primarily because it was a RKLB adjacent company with decent fundamentals whos stock price wasn't scraping the sky.
I don't know how to feel about this acquisition though. Never thought IRDM would've been a bad investment.
Uncertain what Iridium global RF band allocation holdings were worth.
If it is still pole-to-pole global monolithic coverage, than hardware/legacy-protocols are of secondary interest. Modern SDR transceivers with proper RF beam-steering front-ends could retrofit the business while slowly phasing out legacy hardware.
But I do agree, Iridium was too pricey for most consumer product markets, and there were several other satellite broadband services.
Additionally, Starlink Direct to Cell (VoLTE) service now leverages global cellphone client infrastructure. It would be extremely foolish to compete with something proprietary. =3
I can't believe I bought a few shares of IRDM with a few hundred bucks in my trading account. Primarily because it was a RKLB adjacent company with decent fundamentals whos stock price wasn't scraping the sky.
I don't know how to feel about this acquisition though. Never thought IRDM would've been a bad investment.
> But this is a bad investment
Brother, share with us a sentence or two of why you think so
Uncertain what Iridium global RF band allocation holdings were worth.
If it is still pole-to-pole global monolithic coverage, than hardware/legacy-protocols are of secondary interest. Modern SDR transceivers with proper RF beam-steering front-ends could retrofit the business while slowly phasing out legacy hardware.
But I do agree, Iridium was too pricey for most consumer product markets, and there were several other satellite broadband services.
Additionally, Starlink Direct to Cell (VoLTE) service now leverages global cellphone client infrastructure. It would be extremely foolish to compete with something proprietary. =3