Europe has agreed to spend €10.6 billion on its Iris² satellite project, aiming to challenge Elon Musk’s Starlink satellite internet network. The deal is part of a broader effort by the European Space Agency (ESA) and private companies to provide global internet connectivity. Key details include monthly subscription fees and upfront payment options for access to quality FT journalism, highlighting the increasing importance of satellite internet in shaping the digital landscape.
Source: https://www.ft.com/content/8e75ed31-0c72-4160-b406-1ca6aa36a84f