Iridium Communications (NASDAQ:IRDM) completed their $2.9 billion satellite constellation earlier this year. Dubbed Iridium Next, the 66 Low Earth Orbit (“LEO”) constellation is the only satellite constellation to cover the entire world. Iridium’s future is hedged on their ability to generate enough profit, off of Next, to cover their current debt of $1.7 billion. Throughout this article, I will break down how Iridium is utilizing its new constellation to enter new markets and expand its presence in those that it already exists in. Through the implementation of Next’s unique capabilities, Iridium will grow its revenue streams in existing and new markets, providing steep growth in both the near, and distant future.

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