IRIS², OneWeb and Lightspeed put Europe’s LEO ambitions under scrutiny on contracts, returns and schedules
MDA Space won an initial antenna contract for 66 IRIS² satellites Thales Alenia Space aims to deliver in 2029, as Eutelsat forecasts $11 billion in IRIS² revenue for 2032–40 and OneWeb approaches EBITDA break-even. Telesat, meanwhile, pushed global Lightspeed service back three months to mid-2028 amid falling revenue and looming debt maturities.