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

06.02Thailand's health department redefines normal sweetness for drinks, reducing sugar by 50%
05.02X's latest Community Notes experiment allows AI to write the first draft
05.02Everything we know about Valve's new Steam Machine
05.02Prime members can play Alan Wake 2 for free on Luna
05.02Meta is giving its AI slop feed an app of its own
05.02Project Hail Mary is getting its own LEGO set
05.02The CIA stops publishing The World Factbook
05.02The Switch 2-exclusive co-op adventure Orbitals launches this summer
Marketing and Advertising »

All news

06.02Friday Watch
06.02Indian stocks enjoy a rare combination, makes a case for re-rating: Morgan Stanley's Ridham Desai
06.02The hidden risk of building a leadership team with people you know
06.02Meesho slides 40% from peak, slips below listing price. Here is why brokerages still see 26% upside
06.02Why so many meme coins fail almost immediately
06.02LIC shares climb 4% after Q3 results. Should you buy, sell, or hold?
06.02Sebi proposes tighter rules for single-stock derivatives strategy
06.02RBI infuses Rs 50,000 crore into system through OMO
More »
Privacy policy . Copyright . Contact form .