Eutelsat eyes EUR10B revenue from IRIS2 as EU seeks homegrown answer to Starlink

Eutelsat said that it predicts at least EUR10 billion (US$11.2 billion) in revenue from 2032 to 2040 as it leads the EU's low Earth orbit (LEO) network initiative IRIS2. The European satellite player is viewed by the EU to be a homegrown alternative to SpaceX's Starlink satellite service and a key to reducing technological reliance on the US.