Iridium pulls $1 billion 2030 service revenue goal amid SpaceX’s D2D push
TAMPA, Fla. — Iridium’s shares closed down more than 7% Oct. 23 after the satellite operator lowered its full-year service revenue outlook again, while withdrawing its $1 billion target for 2030 amid mounting competition from SpaceX. The company now expects 3% service revenue growth for 2025, down from 3-5% previously…
bubmagOctober 24, 2025