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Eutelsat, Hispasat, and SES Consortium to Build and Operate IRIS² Constellation for European Union

Dec 16, 2024over 1 year ago

Contract Type

partnership

Issy Les MoulineauxHardwareTelecommunications

Description

Eutelsat, Hispasat, and SES have formed the SpaceRISE consortium to sign an agreement to design, build, and operate the IRIS² constellation on behalf of the European Union. The project, valued at €10.6 billion, will provide enhanced communication solutions and broadband connectivity, reinforcing Europe’s digital sovereignty and security.

Company Information

Company

Eutelsat

Location

Issy Les Moulineaux, Ile De France, France

About

Eutelsat is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. It’s the first fully integrated GEO-LEO satellite operator with a fleet of 37 Geostationary satellites and a Low Orbit earth constellation of more than 600 satellites. 🛰 Via our global fleet of satellites and associated ground infrastructure, we enable clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. We are driven by the ambition to extend the benefits of digital services to users on land, at sea and in-flight.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.