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

29.01Tesla is killing off its Model S and X cars to make robots
29.01Halide co-founder joins Apple's design team
28.01Mark Zuckerberg says Reality Labs will (eventually) stop losing so much money
28.01Astronomers share new insights about the early universe via the Webb Space Telescope
28.01Februarys PS Plus Monthly Games include Undisputed and Subnautica: Below Zero
28.01Patreon creators have to switch to subscription billing by November, thanks to Apple
28.01Native Instruments enters into insolvency proceedings, leaving its future uncertain
28.01Google brings its Nano Banana image generator to Chrome
Marketing and Advertising »

All news

29.01ETMarkets Smart Talk | Capex and consumption may steal the show in Budget 2026: UTI AMCs Karthikraj Lakshmanan
29.01Regulatory reset done, capital markets set to accelerate: Raamdeo Agrawal
29.01Tesla sees first annual revenue drop as it shifts to AI and robots
29.01Positive Breakout: These 12 stocks cross above their 200 DMAs
29.01Gold extends record rally, US stock futures drop
29.01Tesla is killing off its Model S and X cars to make robots
29.01Sebi at odds over conflict of interest rules for top brass
29.01Brokerages stay constructive on Persistent despite recent underperformance
More »
Privacy policy . Copyright . Contact form .