Iridium's Stock Plunge: SpaceX Starlink Squeezes Satellite Sector

Iridium stock plunges after SpaceX's Starlink threatens satellite market dominance! A Raymond James downgrade triggered a 3.3% drop, fueled by fears Iridium will lose ground as competition intensifies. Is this a buying opportunity or a sign of deeper trouble for the satellite provider? Find out how this shakeup impacts investors and the future of satellite communications. Hosted on Acast. See acast.com/privacy for more information.