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Iridium Communications Inc. Message Board

  • pcstel pcstel Apr 25, 2013 10:24 AM Flag

    Iridium Hosted Payloads.... What a farce..

    Looks like Hosted Payloads is a "Bust" like I predicted. Yet, "another", "no money down deal", from a development partner. First we had the commitment, "but no money" from Orbital, who is a NEXT Contractor, then we had the laughing stock of Aireon.. If you can find real customers.. You create them out of thin air, with more "no money down" requirements. Now the latest from Harris.. Yet, another in a long line of "no money down" deals. The market has shown that it totally reads through the "window dressing" as a hoax.. Here we are, 5 years later and NO Cash Paying Customers... Just future commitments, which are little more than coerced promises.

    Same happened over at Globalstar with their "local Service Providers" committing to hundreds of millions of dollars in "pre-paed" airtime.. In the end.. The Service Providers were simply owned by one of the major sub-contractors of the satellites, "Loral". And the deals were actually just "commitments", not contractual obligations.

    And so it goes,
    PCSTEL

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    • What ever happened to this?

      Under the terms of the agreement, Orbital will make several non-refundable deposits totaling $10 million in 2011 for a right-of-first refusal on 20 percent of the network's capacity to host third-party payloads. The parties also have agreed to the basic terms of Orbital purchasing this hosted payload capacity on behalf of its customers. Iridium believes the arrangement with Orbital has the potential to be worth more than $100 million, including hosting fees and recurring data service fees once in orbit.

      Never saw any "non-refundable deposits" show up in 2011. Now they don't even mention it.

      May 5th marked the 16 year anniversary of the launch of the first commercial batch of Iridium satellites.

      • 1 Reply to pcstel
      • don't worry about me PCTEL..My near 10,000 shares of IOC have been flying the past week..Iridum is a small potatoes play, but one that I think will do well .....Keep with your short on Irdm, and good luck with that GSAT situation you own...LOL!.....Any low 7's and I'll be adding another 1000...I have patience..

    • From the April 29th SpaceNews article.

      In a written response to questions, William Gattle, vice president of aerospace systems at Harris Government Communications, said Harris will not pay Iridium an upfront fee for the hosted payload marketing rights. “It is part of the expanding relationship but no specific rights are paid for other than hosting fees and data services once the additional capacity is sold,” he said.

    • you are the Farce...Go back to your GSAT board and cry a note on that 30 cent winner you have there PC...

    • O3b finally got their first 4 sats from thales

      so that puts them 3 years behind schedule

      • 1 Reply to zxqwertas
      • Iridium NEXT is already 2 years behind the original schedule.

        March 19, 2008
        Iridium® Satellite Selects Three Finalists To Design and Develop Iridium 'NEXT'

        "Based on analysis, industry feedback and progress to date, Iridium expects the 2013 launch date to be very achievable."

        LOL!! Heck, now they are claiming they will launch a couple satellites in 2015 and claim they are "ahead of schedule".

        Maybe it's just me.. I mean I only took "shop math" classes in High School. But, how does the "projected' first launch in 2015 equate to being "early" when they were supposed to launch in 2013?

        PCSTEL

 
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