ECCENTRIC ORBITS: THE IRIDIUM STORY, by John Bloom, is a business history of Iridium, the satellite-phone company that was originally founded by Motorola and relied upon 77 low-earth orbit satellites to provide coverage.

The book opens with a curtain-raiser from 2000 when the satellites are going to start being de-orbited, and then reviews the history of satellites and communication, and the process of designing, building, and operating the system. This part of the story occupies the first 250 pages of the book.

Despite their excellent design of the system, Motorola's management of the business was inexplicably bad. They spent a decade and billions of dollars designing the system, obtaining the spectrum to use it (a complicated side quest that occupies a chapter and involved wrangling delegates to the 1992 World Administrative Radio Conference), and launching it.

Iridium's initial marketing pitch was to executives and wealthy international travellers who could afford the $3 795 cost of the handset, positioning the phone as a luxury good. But executives usually travel from city to city & boardroom to boardroom, always in built-up locations where regular cell service is available. A much better plan would have been to focus on people who needed a satellite phone and had no alternative: oil-rig workers and fishermen, people who live in remote areas, search-and-rescue teams, the US military, foreign-aid workers, etc.

Instead Iridium had poor sales, launching on November 1st 1998, with limited handset availability. Sales were immediately minimal, so Motorola began dismantling engineering by May 1999, Iridium defaulted on loans in August 1999, and entered bankruptcy. Service ended in March 2000 with talk of de-orbiting the constellation.

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#books #BookReview #EccentricOrbits #Iridium #satellites #bookstodon

Dan Colussy, a retired former CEO of Pan Am and United Nuclear Corporation, took an interest in Iridium and thought it could be saved. A guaranteed contract for $X with the US military would provide enough revenue for a few years to interest investors. This starts a Byzantine quest that fills the second half of the book: to obtain that US defense contract, to find a group of investors who can produce bridge money -- Colussy's goal was around $200 million -- and to reassure the Motorola board who were terrified about liability if the satellites came down and damaged something.

The quest for money must have been brutal for Colussy: there's always another investor showing up, dangling the possibility of $10 or $15 million, and then vanishing completely. Bloom
covers all the twists and turns, working hard to keep it interesting and mostly succeeded. Eventually Colussy puts together a successful bid, restoring service, serving as the company CEO, and hand-picking his successor in 2009 (Matt Desch, who's still CEO today).

Altogether this book is an excellently-written history of a technology corporation, of the early years of its construction & the financial cataclysm that befell it.

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ECCENTRIC ORBITS is a 2016 book. Here's a talk about it at Google by author John Bloom : https://www.youtube.com/watch?v=6r9tAbaiXSg

Horror fans will recognize him under his pseudonym Joe Bob Briggs, which he uses to host The Last Drive-In on Shudder. I think it's fun to see him in serious-journalist mode!

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#horror #JohnBloom #JoeBobBriggs #EccentricOrbits

Eccentric Orbits: Iridium Story | John Irving Bloom | Talks at Google

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@akuchling My shares of the original company are worthless though. Which hurt later on when I encountered actual Iridium phones still in use, via DoD[DoW] contracts.