Iridium Stock and the Starlink Threat

Of the 99 disruptive tech special purpose acquisition companies (SPACs) we’ve covered, 65% of them have lost half their value. That dismal performance pales in comparison to space SPACs of which none of the twelve we have covered trade above the offering price of $10 a share and ten have lost at least half their value. Even the risk-hungry managers over at ARK Invest largely avoided risky space SPACs with just one being found in the ARK Space Exploration & Innovation ETF (ARKX) – Rocket Lab (RKLB).

ARK’s space ETF hardly seems compelling when it contains companies like Google, Amazon, Unity Software, and UiPath. However, there are some names of interest such as their second largest holding – Iridium Communications (IRDM) – a firm we covered in a piece titled 5 Billion-Dol