Exchange: NASDAQ·Updated 07:30 PM EDT
IRDM logo

IRDM Iridium Communications Inc

$47.47
$0.09
(0.19%)
Today
Closed $47.47
$0.00
(0.00%)
After Hours
EarningsOct 22
Mkt Cap$5.04B
Vol885,035.00

About IRDM

Iridium Communications, Inc. operates as a commercial provider of communications services offering true global coverage, connecting people, organizations and assets to and from anywhere, in real time. It offers its services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via satellite network, which has an architecture of operational satellites with in-orbit spares and related ground infrastructure. Its products include personal communicators, messengers, and trackers, satellite phones, push-to-talk-devices, broadband terminals, midband terminals, external antennas, docking stations, apps, accessories and developer tools & resources. The company was founded in 2000 and is headquartered in McLean, VA.
32

Bearish Sentiment

How do you feel about IRDM?

Mergerbrief
$IRDM holders vote Thursday on the $RKLB deal. After that, the only thing between here and closing is paperwork and patience.
7
Ro_Patel
$IRDM shareholders approved the acquisition $RKLB More than 81% of the shares attended the vote, & not a single question was raised Remaining is the final approval from FCC & regulatory bodies Deal completion expected in mid-2027, after which $IRDM will delist from Nasdaq RcketLab CEO: Has classified the space sector into 3 categories: rockets, which he est'd to be worth $10B-$20B; spacecraft, worth $20B-$30B & applications & services, the layer Iridium's acquisition adds, which he described as the larger prize specifically since it is virtually invisible to the public. "Everybody interfaces w/ space every single day." Adding that the merger as creating a self-launching "tier-1 space power," bringing rockets, spacecraft production, & now communications services under one roof. "We build rockets, we build satellites, & with our acquisition of Iridium, we're also a services company from space." Counterpoint: “Satellite IoT is moving beyond niche connectivity as 3GPP NTN & hybrid satellite-cellular connectivity bring satellite closer to the cellular ecosystem. The provisioning of satellite-based connectivity solutions is becoming a focus for MNOs, MVNOs, chipset & module vendors, device makers and IoT platforms, in addition to traditional satellite players.” Iridium & Skylo have emerged as ‘Pacesetters,’
5
LilNappy666
$IRDM Logically, it is trading along with $RKLB . Once RocketLab goes above $80 a share, Iridium will reclaim the $52 range where it should be at until buyout closes.
3
LilNappy666
$IRDM This price is ridiculous. FCC will approve the buyout without a hitch. There is no regulatory uncertainty that justifies a 10% deduction to buyout price. $RKLB
3
StocktwitsNews
IRDM Shareholders Approve Acquisition By RKLB In $54-A-Share Deal — Iridium-Rocket Lab Merger Expected To Close By Mid-2027 $IRDM $RKLB https://stocktwits.com/news/equity/markets/irdm-shareholders-approve-acquisition-by-rklb-in-54-a-share-deal-iridium-rocket-lab-merger-expected-to-close-by-mid-2027/cZMJiXuRB96
3
LilNappy666
$IRDM Hopefully when buyout gets approved on Thursday this stock will go back to the $52 range where it’s meant to be until deal closes.
2
KryptonResearch14
$IRDM Iridium shareholders approved the Rocket Lab buyout Thursday: 99.6% of votes cast in favor, representing about 81% of outstanding shares. The terms: 27 in cash plus Rocket Lab shares for each Iridium share, a notional value of 54 a share. Rocket Lab put the enterprise value at about 8 billion. The arb math after the vote: Iridium traded around 48.75 on Friday, roughly 10.8% below the 54 notional. The shareholder hurdle is cleared, but the deal still needs regulatory approvals and is not expected to close until mid-2027. The strategic read: Rocket Lab buys a cash-generating global network (2.55 million subscribers, L-band spectrum, a 500-plus partner ecosystem) and becomes a company that designs, builds, launches, and operates its own constellations. Peter Beck's line: the most successful space companies will have the keys to space. Rocket Lab rose 5% Thursday to about 73.61, also the day of a Space Force contract win and ARK buying, per CoinCentral.
1
qlox
$IRDM So this will become RKLB potentially.. Okay then! Let the shorts bring this down to $10 where I will load up
darocketeer
I'm not an $IRDM investor, but what is the sentiment in this room in being acquired by Rocketlab? Yay or Nay?

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