alt Hacker NewsSurprisingly they're profitable, but still saddled with a lot of debt. I know to people over at Iridium that have stayed through the past 15 years or so. They have a niche they're serving that seems stable for now.
I half expect Amazon to keep making acquisitions to try and accelerate their satellite efforts. I don't think it's a net negative thing, there's so much more we can do.
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monster_truck • yesterday at 2:51 PM
There are countless niches like this in telematics, one of the only industries I've encountered where a seemingly established company will be doing a "Series K" round, typically as a means to buy or build out the infrastructure they need for whatever customer.
I am surprised that Starlink didn't eat their lunch. I think the only thing keeping them alive is inertia and the fact that Starlink still has regional lockouts and doesn't work in the most remote parts of the world.