• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Technology

EU Launches €10B Ambitious Space Program To Compete With Elon Musk’s Starlink

The Global Economics by The Global Economics
December 17, 2024
in Technology, Telecom, Top Stories
Reading Time: 4 mins read
0
EU Launches €10B Ambitious Space Program To Compete With Elon Musk's Starlink

EU Launches €10B Ambitious Space Program To Compete With Elon Musk's Starlink

37
SHARES
206
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

The information collected by the EU-owned satellites and the services they offer is a public resource available at no cost to everyone.

The European Union (EU) has launched an ambitious space initiative valued at €10 billion (£8.3 billion). It aims to build a network of 290 satellites to compete with Elon Musk‘s Starlink, thus further expanding the post-Brexit security gap with the United Kingdom.

This satellite network is designed to strengthen the bloc’s security for government and military use, especially given the growing cyber security threats everywhere.

The program’s primary audience is decision-makers, public authorities, businesses and private users, researchers, and nongovernmental organizations.

The program aims to serve the needs of EU citizens. The information collected by the EU-owned satellites and the services they offer is a public resource available at no cost to everyone.

Officials said that the United Kingdom, previously part of the Galileo satellite initiative, has not expressed any interest in joining the Iris2 projects, even though they are mutually concerned about defense and cybersecurity.

It aims to provide sublease communications capacity for commercial purposes as an alternative for Elon Musk’s Starlink network.

An official commented that they have not received any interest from their partners in the UK when asked about UK involvement, even when Prime Minister of the United Kingdom, Keir Starmer, is committed to creating a good relationship between them.  

After Brexit, the UK has been focussing on its satellite programs. In August, the UK successfully launched its Tyche Earth imaging military satellite and made plans to launch another satellite in June, which is scheduled in 2027, to improve surveillance and intelligence capabilities.

Due to many technological advancements, the network of high-and-low-powered satellites will be able to deliver functionality equal to 1000 satellites in a mega constellation similar to Starlink.

Previously, Europe relied on a combination of state license systems to provide broadband in areas from Ireland to Eastern Europe.

The network enables communications for television, the Internet, defense, weather, and improved surveillance.

Before Brexit, the UK was part of an European Union space initiative, with British military forces to get access to the Galileo satellite network, which will start next year.

However, the UK government broke up its relationship with the program and decided it would be better for the UK to establish its competition with Galileo by launching two satellites.

The UK network involves Tyche, a military satellite launched in August to get Earth images.

Last month, the government announced plans to launch a new satellite, Juno, in 20027 to capture daytime images of the Earth’s surface to increase the UK’s intelligence, surveillance, and reconnaissance capabilities.

According to European Union rules, a third country can be part of the program by entering into a commercial agreement with any one of the three satellite operators for surveillance or cyber security services.

The operators are Hispasat, the Spanish satellite operator; SES, the Luxembourg-owned satellite network that gives Sky TV and other TV services to the UK; and Eutelsat, a European-wide network of former telecommunications-only satellites.

A third-party country also has the option to become a full member of the program by contributing funds.

After Galileo and Copernicus, Iris2 is the EU’s third-largest satellite program.

It was designed to solve the long-term problems that have intensified over the last three years by Russia‘s full-scale invasion of Ukraine and alleged cyberattacks across several parts of European countries.

It will involve two types of satellites that function in medium Earth orbit and low Earth orbit.

The initial communications for governmental and commercial use are anticipated to start in 2030 under the 12-year program.

All of the significant European companies, except for the UK, are involved in the program, including Italy’s Telespazio, France‘s Thales Alenia Space, Deutsche Telekom, and Airbus Defence and Space.

Tags: Elon MuskEUstarlinkuk
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Nvidia, AMD Supports Saudi Arabia to Build AI Future
Technology

Nvidia, AMD Supports Saudi Arabia to Build AI Future

by The Global Economics
May 14, 2025
Alibaba Challenges OpenAI and Google with Self-Sufficient AI Search Tech
Technology

Alibaba Challenges OpenAI and Google with Self-Sufficient AI Search Tech

by The Global Economics
May 12, 2025
Apple Introduces AI Search, and Google Should Be Worried
Technology

Apple Introduces AI Search, and Google Should Be Worried

by The Global Economics
May 8, 2025
Abu Dhabi and Japan Plan to Hold Hands to Strengthen Clean Energy, Hydrogen, AI
Infrastructure

Abu Dhabi and Japan Plan to Hold Hands to Strengthen Clean Energy, Hydrogen, AI

by The Global Economics
May 6, 2025
US and Ukraine Sign the High-Stakes Critical Mineral Pact
Trending

US and Ukraine Sign the High-Stakes Critical Mineral Pact

by The Global Economics
May 1, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

May 20, 2025
After Years in the Shadows, Emerging Markets Are Back in the Spotlight

After Years in the Shadows, Emerging Markets Are Back in the Spotlight

May 19, 2025
Japan’s Banks Mark Record Profits Despite Economy Shrinking 0.7%

Japan’s Banks Mark Record Profits Despite Economy Shrinking 0.7%

May 16, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version