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Eccentric Orbits: The Iridium Story By John Bloom

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Eccentric Orbits: The Iridium Story By John Bloom



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In the early 1990s, Motorola, the legendary American radio and telecom company, made a huge gamble on a revolutionary satellite telephone system called Iridium. Light-years ahead of anything previously put into space, built on technology developed for Ronald Reagan's "Star Wars," Iridium was a mind-boggling technical accomplishment that sent waves of panic though phone companies around the world, because, surely Iridium was the future of communication. But Iridium was a commercial disaster. Only months after launching service, bankruptcy was inevitable - the largest to that point in American history. It looked like Iridium would go down as just a "science experiment."

That is, until Dan Colussy got a wild idea. Colussy, a retired former President of Pan Am, heard about Motorola's plan to "de-orbit" the system and decided he would try to buy Iridium. Somehow, the little guy figured he could turn around one of the biggest blunders in the history of business.

Eccentric Orbits masterfully traces the development of satellite technology, the birth of Iridium, and Colussy's tireless efforts to stop it being destroyed, despite having doors slammed in his face by all of Wall Street. Piecing together funding from a motley group of investors that included a mysterious Arab prince and friends of Jesse Jackson, he eventually made his case before the most powerful people at the Clinton White House, the Pentagon, the FCC, intelligence services, and a consortium of thirty banks, pleading for the only phone that works at the ends of the Earth. Eccentric Orbits is a rollicking, unforgettable tale of innovation, failure, the military-industrial complex, and one of the greatest deals of all time.
Hard Cover.

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