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EU Signs $1 Billion Deal For Sovereign Satellite Constellation To Rival Starlink

Monday December 16, 2024. 08:01 PM , from Slashdot
EU Signs $1 Billion Deal For Sovereign Satellite Constellation To Rival Starlink
An anonymous reader quotes a report from TechCrunch: The European Union is forging ahead with plans for a constellation of internet satellites to rival Elon Musk-owned Starlink, after signing a $11.1 billion deal to launch nearly 300 satellites into low- and medium-Earth orbits by 2030. The bloc wants the space tech to boost its digital sovereignty by providing secure comms to governments.

First announced in 2022, Iris^2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite) is a public-private partnership whose initial cost estimate (6 billion euros) leapt 76% through a fraught negotiation process. In the end, the program will be 61% funded from the public purse; an industry consortium called SpaceRise, selected in October, is making up the difference. This grouping includes French satellite giant Eutelsat, which merged with European rival OneWeb back in 2022.

Read more of this story at Slashdot.
https://tech.slashdot.org/story/24/12/16/190255/eu-signs-1-billion-deal-for-sovereign-satellite-cons...

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