Rising costs and complicated negotiations over IRIS²'s funding are delaying the contract award for months, pushing the program’s timeline further back to 2030.
Germany's economy minister described the proposed 12 billion euro price as "exorbitant" and criticized the project as "ill-conceived", reflecting governmental concerns over the budget.
The European Commission is only committing to fund IRIS² through 2027 under the current seven-year budget, highlighting potential financial uncertainties beyond that date.
The contract awarded to the SpaceRISE consortium encompasses developing, deploying, and operating at least 290 satellites across various orbital altitudes to maximize global coverage.
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