SIXTY-SIX satellites worth $5 billion could begin crashing back to
Earth if a last-ditch rescue bid for the Iridium satellite telephone company
fails. Last week, the bankrupt Washington DC based company was ordered to
liquidate its assets by the courts—and as Â鶹´«Ã½ went to
press it was not clear whether the rescue offer has come in time.
The court order came after Iridium failed to come up with a buyer for its
troubled network. On 17 March, Motorola, which built the satellites and is a
part owner of Iridium, said it was ready to begin burning up the…
