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The European Union is forging ahead with program for a constellation of cyberspace satellites to rival Elon Musk - own Starlink , aftersigning a € 10.6 billion($11.1 billion ) deal to plunge nearly 300 satellites into low- and intermediate - dry land orbits by 2030 . The bloc desire the space tech to further its digital sovereignty by supply secure comms to governments .
Firstannouncedin 2022,Iris²(Infrastructure for Resilience , Interconnectivity and Security by Satellite ) is a public - individual partnership whose initial monetary value estimate ( € 6 billion ) jump off 76 % through a pregnant talks process . In the ending , the program will be 61 % fund from the public handbag ; an industry consortium call SpaceRise , select in October , is making up the remainder . This grouping includes French satellite giantEutelsat , whichmerged with European rival OneWebback in 2022 .
