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Most Internet of Things (IoT) communication technologies rely on terrestrial network infrastructure. When such infrastructure is not available or does not provide sufficient coverage, satellite communication offers an alternative IoT connectivity solution. Satellite-enabled IoT devices are typically powered by a limited energy source. However, as of this writing, and to our best knowledge, the energy performance of satellite IoT technology has not been investigated. In this paper, we model and evaluate the energy performance of Iridium satellite technology for IoT devices. Our work is based on real hardware measurements. We provide average current consumption, device lifetime, and energy cost of data delivery results as a function of different parameters. Results show, among others, that an Iridium-enabled IoT device, running on a 2400 mAh battery and sending a 100-byte message every 100 min, may achieve a lifetime of 0.95 years. However, Iridium device energy performance decreases significantly with message rate.