<ul><li>The European Space Agency (ESA) has signed a €10.6 billion contract to build the IRIS constellation.</li><li>IRIS will consist of nearly 300 satellites and is designed to compete with Elon Musk's Starlink network.</li><li>The satellites will provide commercial broadband services and focus on security and crisis management.</li><li>SpaceX's Starlink is expected to dominate the current satellite internet market until IRIS is launched in 2029.</li></ul>

Europe will build its own secure satellite network

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