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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Iridium Communications Inc    IRDM

IRIDIUM COMMUNICATIONS INC

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Iridium Communications : SpaceX launches 10 more Iridium Communications satellites

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01/11/2019 | 11:37am EDT

LOS ANGELES — A SpaceX Falcon 9 rocket carrying 10 Iridium Communications satellites has blasted off from California.

The rocket lifted off at 7:31 a.m. Friday at Vandenberg Air Force Base and arced over the Pacific Ocean west of Los Angeles.

SpaceX will try to land the Falcon's first stage on an autonomous vessel floating in the ocean.

The payload is the eighth and final set of satellites to be launched as Iridium replaces its entire globe-circling fleet with next-generation orbiters. Deployment of the satellites is scheduled to be completed a little over an hour after liftoff.

If successful, Iridium will have a total of 75 new satellites in orbit, including nine spares.

Iridium is deorbiting its original fleet of satellites.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials ($)
Sales 2019 539 M
EBIT 2019 26,5 M
Net income 2019 -60,2 M
Debt 2019 1 496 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 8,27x
EV / Sales 2020 7,19x
Capitalization 2 963 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 24,5 $
Spread / Average Target -7,2%
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Managers
NameTitle
Matthew J. Desch Chief Executive Officer & Director
Robert H. Niehaus Chairman
S. Scott Smith Chief Operating Officer & Director
Thomas J. Fitzpatrick Director, Chief Financial & Administrative Officer
Steven Bernard Pfeiffer Independent Director
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