<ul><li>The European Union has signed a €10.6 billion ($11.1 billion) deal to launch nearly 300 satellites into low- and medium-Earth orbits by 2030.</li><li>The constellation of internet satellites, called Iris², aims to rival Elon Musk-owned Starlink and boost the EU's digital sovereignty.</li><li>The program will be 61% funded from the public purse, with the remaining funds contributed by the industry consortium called SpaceRise.</li><li>Starlink, with 6,000 satellites in orbit and over 4 million subscribers, has major deals with companies like Royal Caribbean and United Airlines.</li></ul>

EU signs $11B deal for sovereign satellite constellation to rival Musk’s Starlink

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