TYSONS CORNER, VA March 30, 2015 — Executive Mosaic — Iridium Communications (Nasdaq: IRDM) CEO Matt Desch said recent startups’ plans to build constellations of microsatellites to expand global Internet connectivity present both “interesting innovation” possibilities as well as challenges to the satellite community, ExecutiveBiz reported Friday.
He noted that the model harkens to what Iridium had set out to accomplish, and entails global capability and scale, coupled with high risk and cost.
“When we introduced our plans for building 81 satellites seven years ago, I’m sure many thought we were crazy for being so ambitious. These new networks validate our approach, ” Desch said in a Via Satellite interview published March 23.
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