I think the more amazing part of Iridium’s story is that they got the money to launch their constellation in the first place. It’s crushing debt and inevitable bankruptcy with the assets being acquired for something like 1/20th of a cent on the dollar was to be expected really.
Iridium is around now. Both their next gen and the old gen. SpaceX will take atleast 5-7 years to get full coverage. The customer base of iridium is very different than what SpaceX is targeting.. there should be room for more than one player
