Only a few months after SpaceX launched a final set of Iridium Communications satellites into orbit, a new network is assisting broach vicious information to aviation officials.

The Federal Aviation Administration, or FAA, grounded Boeing’s 737 Max airplanes on Wednesday, after receiving information from atmosphere trade notice association Aireon about a lethal pile-up of Ethiopian Airlines Flight 302.

Aireon’s complement piggybacks on Iridium’s network of 75 satellites. Expected to turn entirely operational in a few weeks, Aireon can lane airplanes anywhere on a planet. But a company’s information is already proof to be critical, as Aireon pronounced in a matter to CNBC that “the complement was means to constraint information compared with Flight 302.”

While Aireon declined to make association officials accessible for an talk while a review is ongoing, a association pronounced it is operative with sovereign officials to yield them with tender data. Even yet a Aireon complement has not been entirely rolled out, a association is means to yield investigators with information about an aircraft’s location, velocity, altitude and more.

“Our sympathies go out to a families of a passengers and organisation of Ethiopian Airlines Flight 302,” Aireon pronounced in a statement. Aireon gave “the information transmitted from Flight 302” to support a investigations of a FAA and several other aviation authorities, a association said.

Even after dozens of countries grounded Boeing’s 737 Max, a FAA did not. It was usually until “actionable data” arrived from Aireon that a FAA done a decision, behaving Administrator Daniel Elwell told CNBC.

“We can't criticism on a means of a tragedy or a outcome of a investigation, usually that we have supposing a data,” Aireon simplified in a statement.

Aireon, an aviation diversion changer

The Iridium NEXT constellation of satellites sits in low Earth orbit. While Iridium’s network is focused on communications, Aireon leases space on a satellites for a tracking technology. Known as an Automatic Dependent Surveillance-Broadcast system, or ADS-B, Aireon’s record in space constantly and passively receives information from any aircraft versed with an ADS-B transponder – radically an receiver on a craft that is promulgation moody information to space.

What many airline passengers might not know is that airplanes are not constantly tracked by radar. While drifting over land, airplanes keep in hold with atmosphere trade controllers to send information about a flight. But once a jet heads some-more than 100 to 150 miles offshore, it enters procedural airspace. At that point, atmosphere trade controllers contingency rest on a commander to relay an aircraft’s position any 10 minutes.

Iridium CEO Matt Desch explained to CNBC a year ago that Aireon’s complement means that “airlines can fly some-more approach routes, that could revoke both a cost and time of atmosphere travel,” he said.

“Aireon creates a whole world manifest to atmosphere trade controllers,” Desch said.

“They are already assisting a atmosphere roving public,” Desch pronounced in a twitter on Thursday after a FAA grounded Boeing’s 737 Max planes.

Iridium shares are soaring

After about $3 billion in investment, Iridium’s new network is finished. SpaceX launched any of Iridium’s 75 satellites over a march of 8 missions in dual years. Once entirely operational, Iridium NEXT will offer high-speed broadband communications for “Internet of Things” applications and more.

Additionally, Desch’s association is partnered with Amazon Web Services, so a e-commerce hulk “can extend their applications to a satellite realm,” he said.

Billionaire financier Ron Baron told CNBC’s Squawk Box that a significance of Aireon’s information to a FAA is usually one instance of because Iridium’s constellation is going to infer impossibly valuable.

Baron, whose account is also an financier in SpaceX, bought Iridium shares during about a entertain a cost they are today. While Iridium’s batch is nearby all-time highs during about $24 a share now, Baron’s account bought 10 percent of Iridium during $6.75 a share.

Baron now believes that Iridium’s batch is going to double over a subsequent 4 to 5 years.

“For 3 years after we bought it, while they were creation and rising satellites, a batch was unchanged,” Baron said. “Now all of a remarkable they’re going to beget revenues.”

— CNBC’s Lori Ann Larocco contributed to this report.