Summary:
- Iridium, a satellite communications company, has revised its 2030 service revenue goal to $1 billion, down from its previous $1.5 billion target.
- This change is partly due to the increasing competition from SpaceX's Starlink direct-to-device (D2D) service, which aims to provide satellite-based internet connectivity directly to consumer devices.
- Iridium is still focused on growing its core business, which includes providing satellite-based voice and data services to government, maritime, and aviation customers, but the rise of SpaceX's Starlink poses a significant challenge.