Iridium Sees Next-Gen Constellation Spending Starting Next Decade

Iridium doesn't foresee having to launch additional satellites until the latter half of the 2030s. In a call with analysts Thursday where the company announced its Q1 financial results, CEO Matt Desch said Iridium doesn't anticipate making any spending on a next-generation satellite constellation this decade and will ramp up that spending slowly after 2030. The company said Q1 revenues were $203.9 million, down slightly from $205.3 million in Q1 2023.