Why Iridium (IRDM) Shares Are Falling Today

Why Iridium (IRDM) Shares Are Falling Today

Shares of satellite communications provider fell 11.8% in the afternoon session after reports revealed heightened competition in the satellite communications sector. Elon Musk’s Starlink is reportedly preparing for its entry into the Indian market by deploying ground infrastructure ahead of a commercial launch, with an estimated initial capital outlay of Rs 5 billion. This move…

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shared satellite venture is still a giant leap away

By Giulia Segreti PARIS (Reuters) -Europe’s drive to create a satellite manufacturing champion is taking longer than planned, and debates over costs, competition policy and who might participate could continue to hamper progress despite French calls for greater urgency. Under so-called “Project Bromo”, named after an Indonesian volcano, Airbus, Italy’s Leonardo and France’s Thales are…

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