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The Rise and Fall and Rise of Iridium

Iridium's constellation of 66 comsats was a technological triumph but a business disaster-until an executive and a computer geek found salvation in the Pentagon.

While his successor nurtures these seeds of growth, Colussy is thinking about the next phase for the satellite industry as a whole. What he sees, now that he has helped break it down into manageable bits, is an imperative to make it bigger and stronger again through mergers. “What needs doing in the satellite business now is consolidation,” Colussy says, the gleam in his eye suggesting he’s mulling prospects more exciting than the afternoon golf game he’s scheduled.

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