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by valuearb 2880 days ago
You both are talking past each other. Sure Elon had nothing to do with developing iridium technology. The question is whether Iridium would have been brought back to life without SpaceX. Iridium went bankrupt because it's costs were so high, they went 15 years without replacing a satellite, even though they were only rated for 8 years. They had plans to replace them, but kept postponing. It really looked like they couldn't raise enough money for the huge launch costs and were were just going to ride them into the ground (literally).

Then they suddenly got new funding and started launching satellites again in 2017. Right at the same time Falcon 9s dramatically cut commercial launch costs by well over half compared to other launch providers.

So Elon deserves some credit here, just as Bary, Raymond and Ken do.

1 comments

Iridium "got new funding" in 2001 when it was bought by PE firms and restructured to generate piles of cash from selling satellite communications to the government, long before your claim of 2017. It had nothing to do with the Falcon 9 other than coincidence. Trying to claim otherwise is misleading.
And what did they do for 15 years with that money? Made plans to replace their dying satellites and having every single plan refused to be funded because of the massive costs.

Suddenly SpaceX cuts launch costs by 4x and Iridium is able to get funded and launch again. Trying to claim coincidence is misleading.