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

01.07Eight Less Traditional Ways People Are Using AI at Work
01.07The 25 Most Valuable Global Brands in 2025 [Infographic]
01.07Breaking Through to Reach Buyers: How Education-Led Marketing Is Redefining B2B Marketing
01.07Formalwear for a hotter world? Coors Light introduces Cold Tux and BrrrTie
30.06Shopping agent Daydream wants fashion retail to feel like magic, not a search bar
27.06AI Update, June 27, 2025: AI News and Views From the Past Week
27.06Compact UV printer smashes records as creators embrace DIY manufacturing
26.06Five Strategies of Business With Standout Productivity Growth [Infographic]
Marketing and Advertising »

All news

02.07Bank of England to redesign banknotes - and wants your help
02.07Bank of England to redesign banknotes - and wants your help
01.07Collapsed Waukegan Metra station wall being repaired; The trains were slowed for safety
01.07Alleged co-conspirator linked to Loretto Hospital scandal pleads not guilty
01.07Government wins welfare bill vote after big concessions to rebels
01.07Why embedded fintech will help small businesses grow
01.07Tomorrow's Earnings/Economic Releases of Note; Market Movers
01.07Bull Radar
More »
Privacy policy . Copyright . Contact form .