Thomas Fitzpatrick Sells 15,046 Shares of Iridium Communications (NASDAQ:IRDM) Stock
Director Thomas Fitzpatrick sold 15,046 shares of Iridium Communications (NASDAQ:IRDM) stock for approximately $740,263, reducing his direct ownership by 25.81%, following a larger sale of 209,233 shares the previous day. The sales occurred as Iridium shares traded at $48.71, and the company reported quarterly earnings below analyst expectations, though revenue increased. Analysts maintain a consensus "Hold" rating for IRDM with an average price target of $38.67, while the company also declared a quarterly dividend of $0.15 per share.
Iridium (NASDAQ: IRDM) legal chief sells 33,192 shares not tagged as 10b5-1
Iridium Communications Inc. (IRDM) Chief Legal Officer Kathleen A. Morgan sold 33,192 shares of common stock on August 17, 2026, in open-market transactions. The sales were executed in two blocks at weighted average prices of $50.34 and $50.85 per share, totaling approximately $1.67 million. This transaction was not designated as made under a Rule 10b5-1 trading plan.
Iridium Communications CLO Kathleen Morgan sells $1.67m in stock
Kathleen A. Morgan, Chief Legal Officer at Iridium Communications Inc. (NASDAQ:IRDM), sold company stock worth approximately $1.67 million on August 17, 2026. The sale involved 32,648 shares at an average price of $50.34 and 544 shares at an average price of $50.85. Following these transactions, Morgan beneficially owns 124,871 shares, while the stock currently trades at $48.71 after a significant year-to-date surge.
Timothy James Last Sells 19,521 Shares of Iridium Communications (NASDAQ:IRDM) Stock
Timothy James Last, EVP at Iridium Communications, sold 19,521 shares of IRDM stock for over $982,000, reducing his ownership by 17.29%. This sale occurred as the company reported Q2 EPS of $0.09, missing consensus estimates, though revenue exceeded expectations. Iridium also declared a $0.15 quarterly dividend, and analysts maintain a "Hold" rating with an average price target of $38.67.
Iridium Communications COO McBride sells $4.3m in shares
Suzanne E. McBride, COO and Director at Iridium Communications Inc. (NASDAQ:IRDM), sold 85,454 shares of company stock for approximately $4.3 million on August 17, 2026. This insider sale follows exceptional stock performance, with shares up 183% year-to-date. The company recently reported mixed Q2 financial results, missing earnings but exceeding revenue expectations.
Iridium Communications (IRDM) CAO sells 13,473 shares at $50.51
Timothy Kapalka, CAO of Iridium Satellite LLC, reported selling 13,473 shares of Iridium Communications Inc. (IRDM) common stock on August 17, 2026, at a weighted average price of $50.51 per share. The individual trade prices ranged from $50.02 to $50.89. After this transaction, Kapalka directly holds 35,731 shares of IRDM.
Iridium Communications (NASDAQ: IRDM) EVP sells 19,521 shares near $50
Timothy James Last, EVP of Sales & Marketing at Iridium Communications (NASDAQ: IRDM), sold a total of 19,521 shares of common stock on August 17, 2026. The shares were sold in two blocks at weighted average prices of $50.33 and $50.88, totaling approximately $983,000. Following these transactions, Last beneficially owns 93,413 shares of Iridium Communications.
Iridium Communications (IRDM) director sells 8,000 shares
Iridium Communications Inc. director Eric T. Olson sold 8,000 shares of company stock on August 17, 2026, at a weighted average price of $50.61 per share. Following this transaction, Olson directly holds 149,680.1 shares of IRDM common stock. The sale was an open-market transaction and not executed under a Rule 10b5-1 trading plan.
Iridium (NASDAQ: IRDM) director to sell 15,046 shares in 2026
Iridium Communications Inc. director Thomas Fitzpatrick plans to sell 15,046 shares of common stock, valued at $745,905.45, under Rule 144. These shares were acquired as employee compensation between 2010 and 2014 and are held at The Charles Schwab Corporation. The proposed sale date is August 18, 2026.
Iridium makes PNT ASIC commercially available
Iridium Communications Inc. has commercially launched its PNT ASIC, an 8x8mm chip providing resilient positioning, navigation, and timing capabilities using the Iridium satellite network. This technology is designed for environments where traditional GNSS signals are unreliable due to jamming or spoofing, offering cryptographically secure timing and location data. Over 150 organizations have shown interest, with partners like Solace Communications and Skyband Systems already integrating the ASIC into new PNT products for various sectors including maritime, aviation, and critical infrastructure.
Iridium Communications (NASDAQ: IRDM) insider plans 8,000-share sale
An insider at Iridium Communications Inc. (IRDM) plans to sell 8,000 shares of common stock, valued at approximately $404,881.25, through Morgan Stanley Smith Barney LLC Executive Financial Services. The proposed sale is anticipated to occur on August 17, 2026. The Form 144 filing also details prior acquisitions of 4,250 restricted shares and 3,750 exercised shares by the reporting person in early 2025.
Iridium Satellite Connectivity for BVLOS Drone Operations
Iridium highlights how its global L-band, crosslinked LEO satellite network offers reliable Command and Control (C2), tracking, and data communications for Beyond Visual Line of Sight (BVLOS) drone operations. The article discusses how Iridium's technology can help drone operators meet connectivity requirements under the FAA’s proposed Part 108 framework, which aims to establish a nationwide structure for more routine BVLOS operations. The low Size, Weight, and Power (SWaP) equipment and resistance to weather interference make Iridium a suitable solution for long-range UAV missions.
Rocket Lab Advances Iridium Acquisition With Regulatory Filings
Rocket Lab Corporation has reached significant milestones in its proposed acquisition of Iridium Communications Inc., including the expiration of the HSR waiting period and the filing of its Registration Statement on Form S-4 with the SEC. Additionally, Rocket Lab and Iridium have filed applications with the FCC to transfer control of licenses. The company is also pursuing a capital strategy to amend Iridium's existing term loan credit facility and announced a new at-the-market program to finance the acquisition.
Rocket Lab (NASDAQ: RKLB) Clears U.S. Antitrust Hurdle And Files Key Regulatory Documents To Advance Iridium Takeover
Rocket Lab has cleared a significant regulatory obstacle in its acquisition of Iridium Communications, with the U.S. Hart-Scott-Rodino antitrust waiting period expiring. The company also filed a Form S-4 Registration Statement with the SEC and joint FCC applications to transfer Iridium's licenses, marking crucial steps toward closing the deal. Financially, Rocket Lab is working to replace a $3.6 billion bridge loan with permanent debt and equity, and is seeking amendments to Iridium's existing credit facility.
Iridium Communications (IRDM) sees AQR Capital disclose 6.6% ownership stake
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC have disclosed a 6.6% ownership stake in Iridium Communications Inc. The filing indicates beneficial ownership of 6,979,683 shares of Iridium's common stock, with shared voting power over 6,809,921 shares and shared dispositive power over all beneficially owned shares. This disclosure, made via a Schedule 13G filing, highlights AQR's significant passive investment in Iridium.
Rocket Lab Corporation Announces Progress on Iridium
Rocket Lab Corporation has announced significant progress in its proposed acquisition of Iridium Communications Inc., including the lapse of the HSR waiting period, filing of a Form S-4 registration statement with the SEC, and submission of FCC applications. The company is also implementing a capital strategy to finance the acquisition, aiming to amend Iridium's existing credit facility and utilize a new at-the-market equity program to reduce bridge loan commitments. These steps are critical for the completion of the acquisition, which Rocket Lab CEO Sir Peter Beck expects to accelerate the company's future in space applications.
Iridium Communications (IRDM) Could Be 34% Below Fair Value After Dividend News
Iridium Communications (IRDM) recently declared a US$0.15 per share dividend and amended bylaws. While one valuation narrative suggests the stock is 17.6% overvalued at its current price of US$49.38, another perspective, using a discounted cash flow (DCF) model, indicates it could be 33.8% below its estimated fair value of US$74.56. The company shows strong recent share price momentum, though long-term gains are more modest.
Silver Heights Capital (IRDM) reports 3.1% Iridium Communications ownership in 13G/A
Silver Heights Capital Management Inc. has reported a beneficial ownership of 3.1% in Iridium Communications Inc., totaling 3,274,947 shares, as disclosed in an amended Schedule 13G/A filing. Of these shares, Silver Heights holds sole voting and dispositive power over 2,484,922 shares and shared power over 790,025 shares. This filing indicates that Silver Heights Capital Management Inc. now holds 5 percent or less of Iridium Communications Inc. common stock.
Iridium Communications Inc (NASDAQ:IRDM) Declares $0.15 Quarterly Dividend
Iridium Communications Inc (NASDAQ:IRDM) has declared a quarterly dividend of $0.15 per share, payable on September 30th to shareholders of record on September 15th. This annual dividend of $0.60 per share represents a 1.2% yield and is well-covered by the company's earnings, with a payout ratio of 45.1%. Despite beating revenue expectations with $225.24 million, the company missed its EPS consensus, reporting $0.09 compared to an anticipated $0.28.
Zacks Research Brokers Increase Earnings Estimates for IRDM
Zacks Research has increased its FY2026 earnings per share estimate for Iridium Communications (NASDAQ: IRDM) to $0.92, though this remains below the broader consensus of $0.95. The company recently missed earnings expectations for its latest quarter, reporting $0.09 EPS against an expected $0.28, but revenue surpassed forecasts at $225.24 million, up 3.8% year-over-year. Iridium currently holds a consensus "Hold" rating with an average price target of $38.67, and shares opened at $49.38, with a declared quarterly dividend of $0.15 per share.
Tema ETFs LLC Makes New Investment in Iridium Communications Inc $IRDM
Tema ETFs LLC has made a new investment in Iridium Communications Inc., purchasing 309,229 shares valued at approximately $17.0 million, giving it a 0.29% stake. Despite missing consensus EPS estimates for the last quarter, Iridium's revenue increased by 3.8% year-over-year, and the company announced a quarterly dividend of $0.15 per share. Analyst sentiment remains mixed, with an average "Hold" rating and a target price below its opening price.
Iridium (IRDM) to be acquired by Rocket Lab in bid for space applications scale
Rocket Lab plans to acquire Iridium Communications to combine its launch and satellite manufacturing capabilities with Iridium's global L-band communications network. This acquisition aims to transform Rocket Lab into a vertically integrated "space applications" company, focusing on recurring revenue services like IoT and direct-to-device communications. The transaction, involving Iridium's 66-satellite constellation and over $870 million in annual revenue, is expected to close in mid-2027, subject to stockholder and regulatory approvals.
Rocket Lab's CEO Wants His Company to Become a 'Self-Licking Ice Cream'— Here's What That Means
Rocket Lab CEO Peter Beck described the company's long-term vision as a "self-licking ice cream," emphasizing vertical integration from satellite building to launching their own products. This strategy is highlighted by the planned $8 billion acquisition of Iridium Communications, which will give Rocket Lab access to a strong existing network and subscriber base. The company aims to continue strategic, smaller acquisitions to expand its space applications business, following a quarter with record revenue and backlog but a net loss per share.
Liquidity Mapping Around (IRDM) Price Events
This article provides a liquidity mapping analysis for Iridium Communications Inc (NASDAQ: IRDM), highlighting strong sentiment across all horizons and an exceptional 65.7:1 risk-reward setup. It outlines three AI-generated trading strategies—Position, Momentum Breakout, and Risk Hedging—along with multi-timeframe signal analysis to guide potential trading decisions. The report suggests an overweight bias for IRDM based on these findings.
Rocket Lab earnings in focus as Neutron, Iridium deal loom By Investing.com
Rocket Lab's upcoming second-quarter earnings report is attracting investor attention, particularly concerning the progress of its Neutron rocket and the strategic acquisition of Iridium Communications. Analysts project a loss of 6 cents per share on revenue of $231.7 million, with investor focus on updates regarding the Neutron's development timeline and the financing and integration plans for the Iridium deal. The company's recent contract wins provide a positive backdrop, but questions remain about execution risk given these major growth initiatives.
California State Teachers Retirement System Has $3.11 Million Stock Holdings in Iridium Communications Inc $IRDM
The California State Teachers Retirement System increased its stake in Iridium Communications Inc. (NASDAQ:IRDM) by 22.2% in the first quarter, now holding 112,063 shares valued at approximately $3.11 million. Institutional investors collectively own 84.36% of the company. Iridium reported mixed Q1 results with revenue beating estimates but EPS missing, and analysts have a mixed "Hold" rating with an average target price of $38.67.
Amundi Sells 111,025 Shares of Iridium Communications Inc $IRDM
Amundi significantly reduced its stake in Iridium Communications Inc. by selling 111,025 shares, retaining only 27,912 shares. Despite beating revenue estimates, Iridium Communications missed earnings per share expectations and currently has a "Hold" rating from analysts with a consensus price target of $38.67. The company maintains a quarterly dividend of $0.15, representing a 1.2% annual yield.
Sei Investments Co. Acquires 49,034 Shares of Iridium Communications Inc $IRDM
Sei Investments Co. significantly increased its stake in Iridium Communications Inc. during the first quarter, purchasing an additional 49,034 shares, bringing its total to 88,790 shares valued at approximately $2.46 million. This move is part of a broader trend of institutional investors holding a large portion (84.36%) of IRDM. Despite Iridium Communications exceeding revenue estimates with $225.24 million, its reported earnings per share of $0.09 fell short of the $0.28 consensus forecast, and analysts currently maintain a "Hold" rating for the stock.
Renaissance Technologies LLC Makes New $3.55 Million Investment in Iridium Communications Inc $IRDM
Renaissance Technologies LLC has invested $3.55 million in Iridium Communications Inc. (NASDAQ:IRDM), acquiring 128,100 shares. This makes Renaissance Technologies LLC the latest institutional investor in the company, which also saw other hedge funds increase their stakes. Despite cautious analyst ratings, Iridium Communications reported revenue ahead of estimates, though EPS missed expectations.
Iridium Communications Inc (IRDM) News, Articles, Events & Latest Updates
This article provides a compilation of recent news and updates regarding Iridium Communications Inc. (IRDM). It covers various financial analyses, including potential growth catalysts, valuation concerns, and the impact of the Aireon deal and Rocket Lab acquisition on Iridium's revenue and outlook. The news also highlights Iridium's partnership with SKYWAVE to advance global industrial IoT.
How Iridium’s SKYWAVE IoT Partnership Could Reshape Remote Connectivity For Iridium Communications (IRDM) Investors
Iridium Communications announced a partnership with SKYWAVE to integrate Iridium's satellite network with SKYWAVE's multi-network OGx IoT platform, enhancing remote monitoring and diagnostics for heavy equipment manufacturers. This collaboration strengthens Iridium's IoT investment narrative by embedding its Short Burst Data into industrial platforms, complementing the recent launch of its PNT ASIC. While promising for broadening Iridium's services in industrial markets, investors should consider potential pressures from slower IoT service growth and increasing competition.
How Iridium’s SKYWAVE IoT Partnership Could Reshape Remote Connectivity For Iridium Communications (IRDM) Investors
Iridium Communications Inc. partnered with SKYWAVE to integrate Iridium's satellite network with SKYWAVE's IoT platform, aiming to enhance remote connectivity for heavy equipment manufacturers and other industrial sectors. This collaboration strengthens Iridium's IoT investment narrative by embedding its Short Burst Data into multi-network industrial platforms, alongside the recent launch of its PNT ASIC. While promising for broadening Iridium's services in industrial markets, investors should consider potential risks like uneven PNT adoption and slower IoT growth impacting revenue forecasts.
Iridium Communications (IRDM) details Rocket Lab acquisition process and upcoming S-4 proxy
Iridium Communications Inc. (IRDM) has outlined details regarding its proposed acquisition by Rocket Lab Corporation, emphasizing the process of filing a Registration Statement on Form S-4, which will include a proxy statement for Iridium stockholders. The acquisition, expected to close mid-2027, aims to create a vertically integrated space company by combining Rocket Lab's launch and satellite manufacturing with Iridium's satellite network operations. Iridium shareholders are set to receive a mix of cash and Rocket Lab common stock, with a collar mechanism to manage stock value fluctuations.
Iridium Communications Inc. (IRDM) latest stock news and headlines
This article compiles recent news and headlines regarding Iridium Communications Inc. (IRDM), highlighting various analyses and reports from sources like Zacks, Simply Wall St., and PR Newswire. Topics covered include its stock performance, growth catalysts, partnerships, earnings results, and technological developments such as its new anti-jamming PNT chip. The stock's current price and recent trading activity are also noted, alongside its trailing total returns compared to the S&P 500.
Janus Henderson Group PLC Boosts Stock Holdings in Iridium Communications Inc $IRDM
Janus Henderson Group PLC increased its stake in Iridium Communications Inc. by 9.8% in the first quarter, now owning 306,684 shares valued at $8.5 million. Other institutional investors also adjusted their holdings, with Vanguard Group Inc. being the largest holder. Despite Iridium Communications reporting a revenue beat but an EPS miss for the quarter, analysts currently maintain a "Hold" rating with a consensus target price of $38.67.
Baralonco group details pledged Iridium (IRDM) 9.44% ownership stake
Baralonco Limited, the Estate of the late Khalid bin Abdullah bin Abdulrahman, and Fahd bin Khalid bin Abdullah bin Abdulrahman have jointly reported a beneficial ownership of 9.44% in Iridium Communications Inc., totaling 10,000,000 shares. This Schedule 13D/A amendment details financing arrangements where these shares are pledged as collateral. Specifically, 8,272,727 shares secure a $160 million term facility for Mawarid Holding Company with Abu Dhabi Commercial Bank, and 1,727,273 shares are pledged to Barclays Bank PLC for an affiliated lending arrangement.
How Iridium's Aireon Deal Could Add $100 Million in Annual Revenue
Iridium Communications has fully acquired Aireon, turning its investment into a wholly owned aviation platform expected to generate at least $100 million in annual service revenue and $30 million in OEBITDA. This acquisition expands Iridium's aviation exposure and control over a unique space-based air traffic surveillance system, but it also increases near-term debt and requires careful integration and management of financing commitments. The deal's success hinges on disciplined execution to convert aviation data into sustainable customer demand, with current Zacks ratings suggesting a measured perspective.
Pacer Advisors Inc. Sells 468,324 Shares of Iridium Communications Inc $IRDM
Pacer Advisors Inc. reduced its stake in Iridium Communications Inc (NASDAQ:IRDM) by 34.5% in the first quarter, selling 468,324 shares but still retaining 890,382 shares valued at approximately $24.7 million. While the company's revenue of $225.24 million exceeded estimates, its earnings per share of $0.09 missed the consensus forecast of $0.28. Despite a "Hold" consensus rating from analysts, some, like Oppenheimer, have increased their price targets for Iridium.
CX Institutional Cuts Stock Position in Iridium Communications Inc $IRDM
CX Institutional reduced its stake in Iridium Communications Inc (NASDAQ:IRDM) by 37.3% in Q2 2026, selling over 100,000 shares but still retaining a significant holding. Despite this, other institutional investors have been increasing their positions in the company. Iridium Communications reported revenue ahead of estimates but missed earnings per share expectations, while analysts maintain a "Hold" rating with a target price below the current share price.
Edgestream Partners L.P. Purchases Shares of 75,082 Iridium Communications Inc $IRDM
Edgestream Partners L.P. recently acquired 75,082 shares of Iridium Communications Inc. (NASDAQ:IRDM) valued at approximately $2.08 million, marking a new stake in the company. Despite Iridium's quarterly revenue exceeding estimates, its earnings per share missed consensus. Institutional investors collectively own 84.36% of the company, and analysts currently hold a "Hold" consensus rating with an average price target of $38.67.
Dimensional Fund Advisors LP Grows Position in Iridium Communications Inc $IRDM
Dimensional Fund Advisors LP increased its stake in Iridium Communications Inc (IRDM) by 3.2% in the first quarter, now holding over 2.16 million shares valued at approximately $59.9 million. Institutional investors collectively own 84.36% of the company, which has mixed analyst ratings but a consensus "Hold" with an average price target of $38.67, below its current share price of $47.34. Iridium's recent quarterly revenue beat estimates, but adjusted earnings missed, and the company declared a $0.15 quarterly dividend.
How Embedding SBD in SKYWAVE’s IoT Platform At Iridium Communications (IRDM) Has Changed Its Investment Story
Iridium Communications (IRDM) recently partnered with SKYWAVE to embed its Short Burst Data (SBD) services into SKYWAVE’s IoT platform, aiming to deepen its integration into industrial IoT workflows for remote monitoring and diagnostics. While this partnership supports Iridium's strategy for hard-to-reach assets, the article notes that investors should also consider ongoing challenges like slowing IoT service growth and increasing competition. Despite positive revenue growth, the company experienced a decline in net income, highlighting margin pressures that new IoT deals will need to address to significantly impact its investment narrative.
South Dakota Investment Council Makes New $1.15 Million Investment in Iridium Communications Inc $IRDM
The South Dakota Investment Council has acquired a new stake in Iridium Communications Inc. (NASDAQ:IRDM), purchasing 41,500 shares valued at approximately $1.15 million. This move is part of a broader trend of institutional investors adjusting their holdings in the technology company, which now sees 84.36% of its stock owned by such entities. Despite a consensus "Hold" rating from analysts and a missed earnings per share estimate, Iridium Communications reported strong revenue and maintains a quarterly dividend.
Rocket Lab Could Hit Profitability and Positive Cash Flow by 2027, Fueled by Iridium Deal
Rocket Lab is projected to achieve GAAP profitability and positive free cash flow by 2027, largely due to its acquisition of Iridium Communications. The acquisition is expected to nearly offset Rocket Lab's current losses and cash burn with Iridium's strong earnings and cash generation. Analysts forecast that the combined entity could reach $137 million in net profit and $425 million in free cash flow by 2027, positioning Rocket Lab as a strong vertically integrated space competitor.
How Embedding SBD in SKYWAVE’s IoT Platform At Iridium Communications (IRDM) Has Changed Its Investment Story
Iridium Communications (IRDM) recently partnered with SKYWAVE to embed its Short Burst Data (SBD) services into SKYWAVE's IoT platform, aiming to broaden its role in industrial IoT for heavy equipment. While this enhances Iridium's core thesis as a critical connectivity provider, the article notes that it doesn't directly address immediate pressures like slowing IoT growth or competitive threats. Despite modest revenue growth to US$225.24 million in Q2 2026, net income declined to US$9.68 million, indicating margin pressure, and the company's long-term forecast suggests a potential 12% downside to its current price.
Iridium Communications Inc Annual Shareholders Meeting Transcript
This article provides the transcript of Iridium Communications Inc.'s Annual Shareholders Meeting held on May 20, 2026. The meeting was opened by Bob Niehaus, Chairman of the Board, who welcomed shareholders, nominees, executive officers, and advisors. Kathy Morgan, Chief Legal Officer and Secretary, was then introduced to discuss logistics for the meeting.
Short Interest in Iridium Communications Inc (NASDAQ:IRDM) Decreases By 35.3%
Short interest in Iridium Communications Inc. (NASDAQ:IRDM) significantly decreased by 35.3% in July, falling to 2.83 million shares. This represents 2.7% of shares outstanding and a days-to-cover ratio of 1.3 days. The company's stock currently holds a "Hold" consensus rating from analysts, with an average price target of $38.67, which is below its current trading price of $47.43.
How Embedding SBD in SKYWAVE’s IoT Platform At Iridium Communications (IRDM) Has Changed Its Investment Story
Iridium Communications partnered with SKYWAVE to embed its Short Burst Data (SBD) services into SKYWAVE’s IoT platform, aiming to broaden its role in industrial IoT for heavy equipment across various networks. This integration supports Iridium's investment narrative as a critical connectivity provider for remote assets, despite recent financial results showing modest revenue growth but declining net income. The article suggests investors consider competitive threats and Iridium's focused narrowband approach when evaluating the long-term impact of such partnerships.
Iridium Communications Inc (IRDM) Valuation: PE, PB & Fair Value Analysis
Iridium Communications Inc (IRDM) currently holds a valuation score of 4.70, placing it 45th out of 54 in the Telecommunications Services industry. Its P/E ratio is 47.95, which is significantly lower than its recent high but considerably higher than its recent low. Key financial metrics such as P/B, P/S, and P/CF ratios have not yet been disclosed by the company.
Why (IRDM) Price Action Is Critical for Tactical Trading
The article analyzes Iridium Communications Inc (IRDM) and presents a critical price action overview for tactical trading. It highlights weak near and mid-term sentiment but a strong long-term positive outlook, identifying an exceptional risk-reward setup. The analysis provides AI-generated trading strategies including position, momentum breakout, and risk hedging, along with multi-timeframe signal analysis.
