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Iridium CEO Desch Talks Value of Spectrum Position, Future Growth Areas in 2025 Results
Iridium met its 2025 guidance, hitting service revenue growth of 3%. CEO Matt Desch on Thursday highlighted four growth areas for Iridium’s future, looking to IoT expansion, PNT capabilities, national security work, and aviation systems, and addressed “buzz” around Iridium’s L-band spectrum position.
Desch previewed Iridium’s work to grow in these areas in a Thursday call with investors, to clarify Iridum’s growth markets. “Valuations in the satellite industry are increasingly being driven by future narratives rather than by current operating results,” Desch cautioned…[continued]
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