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Iridium +2.7% as second NEXT satellite launch succeeds

Jun. 26, 2017 10:18 AM ETIridium Communications Inc. (IRDM) StockBy: Jason Aycock, SA News Editor3 Comments
  • Iridium (NASDAQ:IRDM) is up 2.7% today after yesterday's successful second launch of its next-gen NEXT satellites.
  • A SpaceX (SPACE) launch deployed 10 satellites, doubling the number of NEXT satellites in orbit to 20.
  • The new launch follows a January 14 launch that deployed the first wave of NEXT birds, which have been put into operations improving call quality and data speeds for customers.
  • That means six more launches to go in Iridium's plans for the new network.
  • The new satellites will be tested and integrated into the constellation in coming weeks.

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