EU signs $11B deal for sovereign satellite constellation to rival Musk's Starlink | TechCrunch
Briefly

The European Union aims to establish a satellite constellation, Iris², to enhance digital sovereignty and secure communication for governments, driven by a €10.6 billion investment.
Iris²'s initial cost was projected at €6 billion, but after negotiations, funding escalated by 76%, with 61% coming from public funds and the rest by SpaceRise.
Read at TechCrunch
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