Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-12-16 17:11:16| Engadget

The European Space Agency (ESA) has just signed a 10.6 ($11.1) billion contract to build the IRIS constellation. Its the EUs most ambitious space program in a decade and is designed to compete with Elon Musks Starlink network. The contract will last 12 years, and the first launch is expected in 2029. IRIS, which stands for Resilience, Interconnectivity and Security by Satellite, will consist of almost 300 satellites launched by European rockets. Its built on top of two other EU satellite constellations, Copernicus and Galileo, the largest Earth-observation program and most accurate GPS system, respectively. Though most of the satellites work capacity will be used to provide commercial broadband services, a significant part is dedicated to security and crisis management. Most of the satellites are planned for a low earth orbit, but some will be in a medium earth orbit. Of the 10.6 billion, 6 billion comes from the EU, while the ESA is forking over 550 million. The remaining 4 billion will come from the private sector. The ESA is partnering with the European Commission through SpaceRISE, an industrial consortium led by European satellite operators SES, Eutelsat and Hispasat. Other members include Deutsche Telekom, Airbus and Thales, according to the Financial Times. Since IRIS is many years away, Starlink will likely dominate the current satellite internet market. Recently, SpaceX completed the first direct-to-cell satellite constellation, which will allow phones to be connected even in remote areas.This article originally appeared on Engadget at https://www.engadget.com/science/space/europe-will-build-its-own-secure-satellite-network-161115164.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

14.01Turkey's şbank launches floating branch designed for disaster response
13.01Roblox's age verification system is reportedly a trainwreck
13.01Instagram wants you to personalize your Reels algorithm for 2026
13.01Senate passes Defiance Act for a second time to address Grok deepfakes
13.01Meta has closed three VR studios as part of its metaverse cuts
13.01Proposed legislation opens the door to robotaxi services in New York
13.01Taiwan issues arrest warrant for Pete Lau, CEO of OnePlus
13.01EA delays Battlefield 6 Season 2 to February 17
Marketing and Advertising »

All news

14.01UK secures record supply of offshore wind projects
14.01IT sector poised for better days ahead, financials to outperform: Chakri Lokapriya
14.01China announces record $1tn trade surplus despite Trump tariffs
14.01Puravankara shares rally 12% as Q3 sales, collections jump, breaking the slump for the realty stock
14.01Your employees arent disengaged. Theyre fed up
14.01Wednesday Watch
14.01Turkey's şbank launches floating branch designed for disaster response
14.01Gold financiers ride bullion rally, but valuations flash caution: Ambareesh Baliga
More »
Privacy policy . Copyright . Contact form .