Tag Archives: Iridium Communications

3D-Printed Rocket Maker Relativity Secures $500M in Series D Funds; Tim Ellis Quoted

Relativity Space

Los Angeles-based Relativity Space has raised $500M in a round of Series D financing led by Tiger Global Management and will use the funds to advance the development of its launch vehicle, 3D printing technologies and other programs. “We are on track to launch our first Terran 1 rocket to orbit next year with existing capital on our balance sheet," said Tim Ellis, co-founder and CEO of Relativity Space.

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Iridium CEO Matt Desch Calls for Regulatory Approach to Address Orbital Debris

Iridium Communications CEO Matt Desch said he believes the industry needs new regulations that would mitigate failed satellites and other space debris in orbit, Space Intel Report reported Wednesday. Desch, a 2019 Wash100 winner, said those regulations should include a policy that would ground satellite and rocket developers in the event of an in-orbit failure and require them to determine the cause of the problem.

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Iridium Announces Completion of ‘NEXT’ Satellite Network; Matt Desch Quoted

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.
 

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