Iridium Communications Inc. announced that it has signed a Memorandum of Understanding (MoU) with Magnitude Space, an emerging small satellite company. The signing of this MoU signals Iridium’s interest in exploring collaborative partnerships with complementary NewSpace players, particularly those in the SmallSat low-power arena.

As part of this MoU, the companies will begin discussions on how to collaboratively expand opportunities for space-based Internet of Things (IoT) services with the development of reliable, Low Power Global Area Network (LPGAN) technologies.