Iridium Communications on Wednesday declared the completion of the $3B Iridium NEXT satellite constellation at a press conference at the National Press Club in Washington, D.C.
"The completion of the Iridium NEXT program signifies a new chapter in the Iridium story, one that sees us transforming from a big cash spender to a big cash generator," Iridium CEO Matt Desch said in a statement published Wednesday.
Iridium activated the final two satellites on Tuesday, Feb. 5, to complete the network upgrade. The company“™s final and eighth batch of 10 Iridium NEXT satellites launched Jan. 11 aboard SpaceX“™s previously flown Falcon 9 rocket.
In January, the company unveiled its Iridium Certus L-band broadband service powered by the Iridium NEXT network, which features 66 new satellites.
The McLean, Va.-based satellite communications company also introduced its Iridium Certus 9770 small-form-factor transceiver designed to provide internet access, emails, voice calls, pictures and telemetry.