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

26.02Starbucks turns Chinas post-holiday blues into a tiny desk ceremony
26.02New Webb Telescope photos show off the Exposed Cranium Nebula
25.02Snap is hosting its own creator awards show
25.02Skate's developer is laying off staff before the game leaves early access
25.02The next Assassin's Creed game loses its creative director
25.02Canadian government demands safety changes from OpenAI
25.02Xbox consoles now support 1440p streaming
25.02Tecno just unveiled a ridiculously thin modular smartphone concept design
Marketing and Advertising »

All news

26.02Thursday Watch
26.02Liraglutide still a decent market despite Novos price moves: Siddharth Mittal, Biocon
26.02Rescue centre at 'breaking point' over 40k bills
26.02Email apnea: Reading work emails makes us forget to breathe
26.02The best AI podcast summary tools to save time and find highlights in 2026
26.02Canada's finance minister says US is unlikely to lift tariffs
26.02Positive Breakout: These 13 stocks cross above their 200 DMAs
26.02US Stock Market | Wall Street extends tech-powered rally as AI worries abate; Nvidia reports
More »
Privacy policy . Copyright . Contact form .