Europe’s IRIS² connectivity program clears first rendez-vous as Eutelsat commits €3.39 billion to lead LEO deployment
The successful First Rendez-vous advances IRIS² toward full industrial execution, with Eutelsat set to invest €3.39 billion and lead the program’s LEO constellation. SES is advancing its MEO strategy, Hispasat will serve as ground-segment prime contractor, and initial launches are targeted for 2029, with capacity revenue estimated above €10 billion through 2040.