Iridium shields supply chain as higher tariffs loom

Iridium shields supply chain as higher tariffs loom

TAMPA, Fla. — Iridium is ramping up tariff countermeasures to shield the U.S.-based satellite operator from import tax hikes as global trade tensions escalate. The operator has historically imported satellite […] The post Iridium shields supply chain as higher tariffs loom appeared first on SpaceNews.

Iridium Is Fighting Starlink and Trump’s Tariffs

Despite beating market expectations with first quarter revenue growth of 5% year-on-year, Iridium’s stock fell nearly 7% in the face of competition and trade wars. “Iridium is the first satellite company to quantify the impact of tariffs,” Quilty Space director of research Caleb Henry told Payload. “The market may have reacted negatively to a sector it presumed was insusceptible to tariff activity.” Cost plus: The Trump administration’s tariffs …