Why The EU Is Shelling Out Billions To Compete With Elon Musk’s Starlink

The European Union plans to spend about $11.13 billion to develop a satellite network aimed at competing with Elon Musk’s Starlink, according to a press release on Monday. The European Commission on Monday signed a concession agreement to start building the Satellite Infrastructure for Resilience, Interconnectivity and Security (IRIS²). IRIS² is a multi-orbit constellation of […]