satellite

Maija Palmer

Iridium logoThe past has a way of catching up with you. Iridium, the satellite phone company, has been working hard to re-invent itself following its 1999 bankruptcy. Last September it returned to the stock market through a reverse takeover, and has set about raising money for a new fleet of low-earth orbiting satellites.

In the 1990s Iridium launched with the idea of selling satphones to a wide consumer market, but was soon overtaken by the mobile phone industry. It became chiefly a niche provider of phones to aid workers and the military.

Now, Matt Desch, chief executive, believes there could be a big new market to be exploited in tracking all sorts of objects, from trucks and cargo containers to polar bears, by satellite.   Read more