NSR outlined how Iridium’s recurring revenue, and corresponding valuation, put it in a very different position from today’s SPACs in a forthcoming SpaceNews commentary. “The recent spree of space SPACs are marked by unrealistic projections,”. “Not counting Iridium, the average space SPAC has a $1.8 billion enterprise valuation built on assumptions it can grow [an average.
Discussing space and satellite market revenue opportunity, “Classical/traditional connectivity requirements are the largest revenue source for the NSR Global Space Economy analysis,” said [NSR]. “Right now, the entire sector is in a period of transformation – from largely complex, bespoke technology to a proliferated, distributed, serialized technology stack. Software-defined and software-centric, mass-produced, and a network-of-networks are proliferating.