EU Launches $11B Satellite Constellation to Rival Starlink
The European Union’s ambitious €10.6 billion ($11.1 billion) investment in its Iris² satellite constellation marks a significant step towards achieving digital sovereignty and challenging Elon Musk’s Starlink dominance. This public-private partnership, initially estimated at €6 billion, saw its cost inflate by 76% during negotiations, ultimately resulting in a 61% public funding contribution. The remaining funds will come from SpaceRise, an industry consortium featuring prominent players like Eutelsat, a company that recently merged with OneWeb.
This substantial investment highlights the EU’s determination to establish an independent and secure satellite communication network for its governments. The project aims to launch nearly 300 satellites into low and medium-Earth orbits by 2030.… Continue reading
Matt Underwood