Forget SpaceX Hype: Donald Trump Bought This Top Space Stock in 2026

2 hours ago 1

Fahad Saleem

Fri, June 19, 2026 astatine 10:45 AM CDT 2 min read

We conscionable covered Donald Trump Stock Portfolio: 10 Best AI and Tech Stock Picks successful 2026. Iridium Communications (NASDAQ:IRDM) ranks #8 (see Donald Trump Stock Portfolio: 5 Best AI and Tech Stock Picks successful 2026). The stocks identified successful this nonfiction are based connected Trump's fiscal disclosure filings released by the U.S. Office of Government Ethics. According to a connection from the Trump Organization cited by Reuters, Trump's concern holdings are maintained done afloat discretionary accounts managed by third-party fiscal institutions, which person sole authorization implicit concern decisions.

Stock Performance Since Trade Date: +119%

Iridium Communications (NASDAQ:IRDM) operates a web of satellites orbiting Earth. The institution generates gross by charging subscribers for outer communications services. These services see dependable calls, information transmission, and Internet of Things tracking.

Who uses Iridium? Three main groups trust connected the company. Governments, peculiarly the U.S. military, usage Iridium for unafraid communications. Commercial businesses usage it to show instrumentality successful distant areas wherever accepted compartment networks bash not exist. Individual consumers bargain outer phones for emergencies and outdoor activities.

In May 2026, Iridium made a important acquisition. Iridium Communications (NASDAQ:IRDM) purchased the remaining sixty-one percent of Aireon, an aviation surveillance company. Aireon operates a unsocial system. It tracks craft utilizing satellites and provides implicit planetary coverage. No rival offers this capability. Aireon monitors astir 190,000 flights daily. It collects elaborate data, including craft location, altitude, speed, and identification. This acquisition positions Iridium successful the high-growth aviation tracking market.

Iridium Communications' (NASDAQ:IRDM) subscriber maturation accelerated during the archetypal 4th of 2026. Total billable subscribers reached 2.56 million, up from 2.44 cardinal successful the anterior twelvemonth period. Commercial subscribers drove astir each this growth, expanding from 2.31 cardinal to 2.43 million. Internet of Things subscribers, which way distant assets and cod data, expanded from 1.89 cardinal to 2.02 million.

However, authorities subscribers declined from 133,000 to 121,000. This weakness creates a worldly risk. Iridium maintains an EMSS declaration with the U.S. Space Force that requires renewal successful precocious 2026 oregon 2027. Contract nonaccomplishment would importantly interaction revenue.