Will be launched by a consortium of large European
Posted: Thu Jan 02, 2025 8:42 am
Today, four million people use Starlink satellite Internet, including in Georgia. SpaceX's dominance is also underlined by the fact that the European Union has also begun preparations for the exploitation of Earth's orbit. The place where, until now, Starlink, one of the projects of Elon Musk's space company SpaceX, was considered a true giant, will now be even more loaded with space satellites.
The project, called SpaceRISE, companies by 2030, when up to 300 satellites will be placed in orbit at various levels of the Earth. The newly formed corporation, which includes the European Space Agency, Eutelsat, Hispasat, belgium business fax list Airbus and Deutsche Telekom, is valued at $11 billion and aims to provide high-speed internet coverage across the entire European Union.
The consortium will have twelve years to launch the constellation, known as IRIS, during which time it will need to raise several billion euros. The majority of the IRIS satellites will be placed in low-Earth orbit. It is clear that the space industry has great potential. As Elon Musk has repeatedly stated, his space company does not have a liquidity problem, and the company holds investment rounds focused on increasing the financial liquidity of employees and investors every six months.
The project, called SpaceRISE, companies by 2030, when up to 300 satellites will be placed in orbit at various levels of the Earth. The newly formed corporation, which includes the European Space Agency, Eutelsat, Hispasat, belgium business fax list Airbus and Deutsche Telekom, is valued at $11 billion and aims to provide high-speed internet coverage across the entire European Union.
The consortium will have twelve years to launch the constellation, known as IRIS, during which time it will need to raise several billion euros. The majority of the IRIS satellites will be placed in low-Earth orbit. It is clear that the space industry has great potential. As Elon Musk has repeatedly stated, his space company does not have a liquidity problem, and the company holds investment rounds focused on increasing the financial liquidity of employees and investors every six months.