Iridium Satellite Breaks Up Over Arctic
Julius X writes: "Early Wednesday morning, the first Iridium satellite to reenter the atmposphere broke up over the Arctic Ocean at 9:44 GMT. The satellite had failed just two months after its launch in September 1998, and had been tumbling out of control ever since. The report here on Space.com provides more detail, and says that another satellite is due to come down in the next three weeks or so."
Chapter 11 doesn't really permit the kind of activity you're describing, by the way. Nearly all Chapter 11 plans have to be approved by the debtors (and if they're not, the judge has to decide that it's an exceptionally fair plan, and the debtors are simply being malicious in refusing to approve), and if they don't approve (and the courts don't force it), then you'll end up under Chapter 7 instead. Chapter 7 is total liquidation. Actually, about 90% of Chapter 11 filings end up under failing to get approval.
I can't find any specific information, but based on certain information (eg, the fact that Iridium, LLC has sold their satellite constellation, without which they have no real business) I conclude they've filed for Chapter 7. The owner of Iridium Satellite, LLC is one Dan Colussy, a former Pan Am president, who to the best of my knowledge was never affiliated with Iridium, LLC in any manner. My guess is that Mr. Colussy wanted to keep the brand name, which is why the companies have such similar names.
Standard disclaimer: IANAL, but I was raised by one, and I've worked with companies going through bankrupcy before.
"The question of whether a computer can think is no more interesting than that of whether a submarine can swim" -EWD
The article on Space.com has an animation of the satellite falling from orbit, just click on the "Multimedia" link in the arcticle.
-Julius X
-Julius X
remove "-whatkindofspamdoyoutakemefor-" from email to send
Chicken Little was right?
Say, wasn't it an Iridium meteorite that killed all the dinosaurs?
Kierthos
Mr. Hu is not a ninja.
They say there is a one-in-10000 chance being hit by a falling iridium spacecraft. Anyone knows how big the chance is to win in lotto?
...whatever ;)
The satellite had failed just two months after its launch in September 1998, and had been tumbling out of control ever since.
That sounds an awful lot like the story of the company itself and in particular, their stock.
Black holes are where God divided by zero
Arr! Damn you, This falling Iridium satellite has just cut a gap into the hull of my boat. Arr!
The juxtaposition raises a few questions in my mind, most immediately, how much faith should we place in the reliability of our spacecraft? Or, more generally, has there been a change in the quality surrounding spacecraft over the past 20 years?
I am not talking about single event errors (explosions, failed mars probes), but instead thinking about how Iridium could have spent so much money and then not provided any real benefit to the creators. (I am assume and believe that most would consider the Pioneer missions successful to all parties involved in it.)