Intuitive Machines Bets on Lunar Comms with Goonhilly Buy

Iridium Communications ($IRDM) announced its intention to acquire Aireon, the firm behind the world’s largest satellite-based aircraft surveillance network.  The planned acquisition, announced yesterday, is part of Iridium’s effort to increase its footprint in the aircraft safety market—one of four “growth pillars” alongside IoT, PNT, and national security, according to CEO Matt Desch.  Under the deal, Iridium (which already owns 39% of Aireon) will spend $366.7M to buy the remaining 61% stake from five air navigation service providers (ANSPs). Keep reading [https://payloadspace.com/iridium-boosts-air-safety-offering-with-aireon-acquisition/]