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Eccentric Orbits: The Iridium Story

Product ID : 13672769


Galleon Product ID 13672769
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About Eccentric Orbits: The Iridium Story

Product Description 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, and built on technology developed for Ronald Reagan’s “Star Wars,” Iridium’s constellation of 66 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 and without your call ever touching a wire. 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 and agreements that forced calls through Moscow, Beijing, Fucino, Italy, and elsewhere. Bankruptcy was inevitable—the largest to that point in American history. And when no real buyers seemed to materialize, it looked like Iridium would go down as just a “science experiment.” That is, until Dan Colussy got a wild idea. Colussy, a former head of Pan-Am now retired and working on his golf game in Palm Beach, heard about Motorola’s plans to “de-orbit” the system and 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 Colussy’s tireless efforts to stop it from being destroyed, from meetings with his motley investor group, to the Clinton White House, to the Pentagon, to the hunt for customers in special ops, shipping, aviation, mining, search and rescue—anyone 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. Review Praise for Eccentric Orbits: Named one of the “Top 10 Nonfiction Books of 2016” and one of the “20 Books That Defined Our Year” by the Wall Street Journal Named a Book of the Year 2016 by the Economist An Amazon Best Book of the Month A Hudson Booksellers’ Best Book of 2016 (Best Business Interest) “Engaging and ambitious . . . Eccentric Orbits is maximalist nonfiction, 500 pages of deep reporting put forward with epic intentions . . . a panoramic narrative, laced with fine filigree details, that makes for a story that soars and jumps and dives and digresses . . . [A] big, gutsy, exciting book.” ―Wall Street Journal “Those with visions of vast satellite communications networks dancing in their heads would do well to read John Bloom’s new book on [Iridium] . . . Bloom . . . tells this story well . . . He does a good job of explaining the technology and the importance of the inventors who made the technology possible.” ―Washington Post “Think of Final Cut, Steven Bach’s gripping account of the notorious movie disaster ‘Heaven’s Gate.’ Or The Smartest Guys in the Room, Bethany McLean and Peter Elkind’s chronicle of the collapse of Enron, and The Big Short, Michael Lewis’ tale of the cratering of the national economy. Eccentric Orbits . . . is a tale of ham-fisted management that’s lively enough to invite comparisons to those modern classics.” ―Los Angeles Times “An exhaustive account . . . Eccentric Orbits not only offers good corporate drama, but is an enlightening narrative of how new communications infrastructures often come about: with a lot of luck, government help and investors who do not ask too many questions.” ―Economist “ Eccentric Orbits is a story rich in larger-than-life characters, including shady Cold War operatives and warrior-like Motorola executives . . . Bloom gives a wonderful sense of what an engineering marvel Iridium was.” ―