Looking back on Harbinger’s LightSquared gamble and questions about Paulson

AR also revisits Lazard’s lessons learned

Rob Copeland December 17, 2025

One year ago»» Phil Falcone’s now famous bet on LightSquared, a fledgling wireless broadband network, drew the attention of investors who worried the illiquid bet accounted for too large a percentage of his assets. At the time, Falcone would not disclose what percentage of

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