from what research I've done, Iridium satellite system would have to be one of the worst commercial performers. It was only rescued by a Boeing consortium after the original launchers came close to walking away from the whole project, Boeing got it for a song (relatively), and there hasn't been much happening with it ever since.
QAD
quadrant iridium limited
iridium doing very well - augers well for ipo, page-3
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