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starlink internet europe european union satellite industry with video

EU strikes €10.6 billion deal to launch homegrown Starlink competitor by 2030

290 satellites will beam down Internet to Europeans by the end of this decade
Why it matters: After two years of negotiations with the private sector, the European Union has signed a deal to develop and operate a homegrown alternative to satellite Internet connectivity solutions like Elon Musk's Starlink and Amazon's Project Kuiper. While smaller in scale, the IRIS² constellation is expected to spark a competitive web of suppliers for space technologies in Europe.
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