[thunder-blue-3]

I was once offered an engineering manager position at iridium (which i discussed here https://news.ycombinator.com/item?id=41748519)-- that entire company is a race to reduce the bottom line. They offered me (an engineering manager to 5 engineers) a lower salary than I was offered as a new grad. Also their talent pipeline is quite stale, most of the engineers on my prospective team were at the org for 10-20 years. For such an interesting aspect of technology, it's ashame they can't attract more talent, such an untapped market low earth orbit satellite networks are...

[harrall]

Iridium and other satellite companies also went bankrupt and their satellites were going to be de-orbited until the US Government bailed them out in the 2000s. They couldn’t get enough customers to support enough launches.

Terrestrial networks in the meantime have only gotten better and improved coverage. Not that many customers, relatively, need satellite comms.

Now SpaceX is eating their lunch.

I don’t think the market for satellite comms has ever been big enough for a pure-satellite company to get enough money to do something cool. SpaceX can afford the R&D because they are a little more diversified.

[mschuster91]

> They couldn’t get enough customers to support enough launches.

No surprise, the only usecases back then for the price that Iridium and others commanded were SAR, a few military/secret service style use cases and execs who deem themselves to be of such importance that they need to be reachable on the globe 24/7 even if they are just taking a flight over the Atlantic or on a cruise ship, and Iridium can't be reasonably used for much more than that.

> Now SpaceX is eating their lunch.

Partially due to physics. Latency on Starlink is reportedly low enough to run online games or telephony and the bandwidth high enough to allow for video streaming in the outback, which makes the potential market size muuuuch bigger so the price point can be lowered enough to be competitive with landline DSL of all things.

The problem is, SpaceX isn't something that the US government can rely on forever. For now, its leader is in good standing with the 47th, but that may change overnight (it has happened with either of these characters before and both have quite the large egos that will collide rather sooner than later). And what to do then?

[irish_john]

>Now SpaceX is eating their lunch. Fact Check Time! Iridium stock jumped 15% today, because their 4Q earnings vastly beat expectations. They earned $0.31 per share versus expectations of $0.16 Their Revenue grew 9% Year over Year to $213 million

[morgango]

Iridium, that is a name I've not heard in a long time.

IMHO, the worst places to be are organizations that were supposed to change the world, but didn't, and don't quite get it.

Your experience totally tracks with that.

[bathtub365]

They set up global satellite communications over 20 years ago. They did change the world.

[jandrese]

This seems like it should be totally expected. Iridium's engineering efforts are largely in the past, they're purely in the revenue extraction mode at this point. Your job description is basically just "maintain obsolete legacy system just enough to make money."

[glitchc]

Starlink ate Iridium's lunch. Any benefits Iridium was supposed to provide are currently achieved by Starlink.

[moolcool]

Maybe specialty hardware? Are there handsets yet which can connect to starlink?

[martinsnow]

Sadly I expect them to be at the stage of no relevance. Just enough that as another commenter said it could make some money but satellites have no business value.

[wcfields]

Their value is the niche of being able to work at the poles, unlike any other constellation, despite being dialup speed.