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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
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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