- IRDM is trading 4.3% down at $42.28 today, amid broader market movements and potential profit-taking, even as the company announced significant developments.
- Iridium Communications announced that Mlink Technology has begun live testing of its MS150-IR IoT-NTN chipset with Iridium NTN Direct, a move expected to enhance Iridium's IoT and satellite communication capabilities.
- The company also commercially launched its new Iridium 9604 Hybrid IoT Module and Development Kit, integrating satellite, LTE-M cellular, and GNSS positioning for global IoT solutions.