Iridium

Prospectus Summary

The following summary information is qualified in its entirety by reference to the detailed information and financial statements, including the notes thereto, appearing elsewhere in this Prospectus. See the Glossary included as Annex A hereto for the definitions of certain terms used in this Prospectus. On February 26, 1997, the Company effected a 100 for 1 stock split (the "Stock Split") of the Company's Class A Common Stock. Unless otherwise indicated all information contained in this Prospectus reflects the Stock Split and assumes that the over-allotment options granted to the Underwriters are not exercised.