Iridium satellite constellation
en.wikipedia.org
en.wikipedia.org
Shares in the company built in value with each launch as each launch put another major chunk of infrastructure in orbit.
This was totally different than those dotcom trifles like "Flooz" who you knew would just never amount to anything.
I still have my Iridium share certificate.
Alas, there was a bankruptcy, common holders were wiped out, and while it wasn't the total scam that GlobalStar and Global Crossing (The latter I consider to be a deliberate fraud much worse than Enron) it sure felt kinda shady.
I can say we're not in a stock bubble now in part because things like this are not going on the way they were.
Iridium was an expensive lesson for me. If only I'd put that money into Apple-- and the kicker-- I thought about it seriously.
That said, over the years, I've made a lot more from stock picking than I ever have from any index fund. It's not as hard as people make out, or as impossible... but you do learn lessons. And iridium was a lesson.
On some level, I'm glad it's still operational, though I think it's sad that so many years have passed and the network hasn't advanced significantly enough to give terrestrial carriers a run for their money.
What was the lesson you learned from Iridium?
I am presuming you have something fairly broad, like "don't invest in companies with X type of business plan." As opposed to something narrow, like "Don't invest in Iridium."
I am excited to see that the Iridium NEXT [1] constellation is on the SpaceX launch manifests [2] not too far down the list. There are seven iridium flights in line. Hopefully this time they can find a bigger market and drive down costs.
"In June 2010, Iridium signed the largest commercial rocket launch deal ever, a US$492 million contract with SpaceX to launch tens of Iridium NEXT satellites on multiple Falcon 9 launchers in 2015–2017 from Vandenberg AFB Space Launch Complex 3.[15]"
https://www.iridium.com/ProductList.aspx?productCategoryID=1
The system has satellite-to-satellite links, and a call between two Iridium handsets doesn't go through ground stations. Back in 1999, the FBI was concerned that they wouldn't be able to wiretap Iridium calls. A capability for that was added. When the Government took a share in the system, network control was moved from Schaumburg, IL, to the Virginia suburbs near CIA HQ.
I used to do a lot of Iridium hunting in high school, sometimes waking up at 04:30 to spot the morning ones (which, given that I also stayed up/was waking up early sometimes to watch Shuttle launches/landings on NASA TV - in my timezones they were often in the middle of the night - pretty much ensured that I was often quite sleepy at school).
I had no idea that atmospheric drag had that great an effect at a 400km altitude.
I must have been preoccupied back in 2009, because this is the first I've heard of it.
EDIT: That video file plays wonky for me. Youtube has it as well: http://youtu.be/_o7EKlqCE20
Nice to see that the iridium fiasco has resulted in some long tail utility
edit: here's a page with a proof of concept with an arduino hookup: http://makezine.com/projects/make-37/iridiumsatellite/
I think it'd be cheaper to build your own acoustic modem and glue it to a handset.
When something "goes wrong" with one of these satellites and wipes out the latest CIA satellite etc or wipes out a pay tv satellite....who is liable and to what ends?
In my mind The iridium network is cool, but a bit to outdated for anything other than phone conversations and stuff like remote sensors like Weather buoys.
I am looking at the near future when it comes to "consumer" satelite communication, there is some stuff there.
(you'll probably need to set your location)
1) Go to http://www.heavens-above.com/
2) Press "Change your observing location"
3) Choose the city and press "update" at the bottom
4) Press "Iridium Flares"