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EU Signs €10.6 Billion Deal for Secure Satellite Network to Rival Starlink

  • The European Commission has awarded contracts for a 10.6 billion euro secure satellite constellation to compete with Elon Musk's Starlink.
  • The Irish2 satellite network will consist of over 280 satellites and provide an encrypted backbone for European Union governments.
  • The system aims to enhance European autonomy and competitiveness in space, developed as a public-private partnership.
  • The initiative shows the EU's commitment to strengthening Europe's global space posture for the benefit of governments and citizens.
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Portfolio.hu broke the news in on Monday, December 16, 2024.
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