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EU signs $11B deal for sovereign satellite constellation to rival Musk’s Starlink
The European Union has signed a $11B deal to build a sovereign satellite constellation to rival Elon Musk's Starlink.
First announced in 2022, Iris²(Infrastructure for Resilience, Interconnectivity and Security by Satellite) is a public-private partnership whose initial cost estimate (€6 billion) leapt 76% through a fraught negotiation process. In the end, the program will be 61%-funded from the public purse; an industry consortium called SpaceRise, selected in October, is making up the difference. This grouping includes French satellite giant Eutelsat, which merged with European rival OneWeb back in 2022.
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