Eccentric Orbits: The Iridium Story The Iridium Story, John Bloom
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Eccentric Orbits: The Iridium Story

Author: John Bloom

Narrator: Donald Corren

Unabridged: 18 hr 49 min

Format: Digital Audiobook

Publisher: Blackstone Audiobooks

Published: 06/07/2016

Genre: Business & Economics - Corporate & Business History

Synopsis

The incredible story of Iridiumthe most complex satellite system ever built, the cell phone of the future, and one of the largest corporate bankruptcies in American historyand one mans desperate race to save it. In the early 1990s, Motorola, the legendary American technology company, developed a revolutionary satellite system called Iridium that promised to be its crowning achievement. Light years ahead of anything previously put into space, Iridiums constellation of sixty-six satellites in polar orbit meant that no matter where you were on Earth, at least one satellite was always overhead, and you could call Tibet from Fiji without a delay. Iridium the satellite system was a mind-boggling technical accomplishment, surely the future of communication. The only problem was that Iridium the company was a commercial disaster. Only months after launching service, it was $11 billion in debt, burning through $100 million a month and crippled by baroque rate plans. Bankruptcy was inevitable, and when no real buyers seemed to materialize, it looked like Iridium would go down as just a science experiment. When Dan Colussy, a former head of Pan-Am, heard about Motorolas plans to de-orbit the system, he decided he would buy Iridium and somehow turn around one of the biggest blunders in the history of business. In Eccentric Orbits, John Bloom masterfully traces the conception, development, and launching of Iridium and Colussys tireless efforts to stop it from being destroyed, from meetings with his motley investor group, to the Clinton White House, the Pentagon, and the hunt for customers in special ops, shipping, aviation, mining, search and rescueanyone who would need a durable phone at the end of the Earth. Impeccably researched and wonderfully told, Eccentric Orbits is a rollicking, unforgettable tale of technological achievement, business failure, the military-industrial complex, and one of the greatest deals of all time.

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