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India's space and <keyword id="20691202" type="General" weightage="20" keywordseo="satellite-sector" source="keywords">satellite sector</keyword> is poised for a significant transformation following the recent decision to permit local satellite companies to utilise foreign orbital resources for the first time. This landmark move, orchestrated by India's national space regulator <keyword id="20028218" type="General" weightage="20" keywordseo="IN-SPACe" source="keywords" meta.keywordsubtype="org" meta.entityname="IN-SPACe" meta.hostid="261" meta.entityid="IN-SPACe">IN-SPACe</keyword>, is set to revolutionise the landscape of <keyword id="21282723" type="General" weightage="20" keywordseo="satellite-communications" source="keywords">satellite communications</keyword> (<keyword id="19936238" type="General" weightage="100" keywordseo="satcom" source="keywords">satcom</keyword>) services within the country. If you have experienced your mobile signal weakening during road trips, this is because our devices rely on terrestrial mobile towers that transmit and receive data. As you move away from built-up areas, you also move away from these towers, which hinders your device’s ability to access networks. On the other hand, satellite devices (as the name suggests) directly tap into the satellites orbiting our Earth, meaning they have access to some network from just about anywhere on the planet. This is extremely useful for communication in remote areas, such as lesser-developed villages and mountainous regions. Satellite devices are especially important in emergency situations since they aren’t relying on fragile land-based communication infrastructure. <cmsannotation type="cmsannotation" annotationid="More affordable communication?" comment="subhead" text="More affordable communication?">More affordable communication?</cmsannotation> Previously, Indian satellite players — an industry still very much in its nascent stage — were constrained by reliance solely on domestic orbital resources, which often proved to be limited and costly. However, with the new IN-SPACe guidelines, Indian entities can now leverage surplus international satellite capacities to deliver satcom services at competitive rates, promising better services and affordability for end-consumers. This initiative opens doors for Indian companies to access non-Indian orbital slots and associated frequencies, a crucial development that fosters competition and innovation in the satcom sector. By tapping into global capacities, Indian players can expand their service offerings and enhance their competitiveness in the market. Pranav Roach, President of Hughes Network Systems India Ltd, lauded the decision, emphasising the greater flexibility it provides to satcom players in delivering <keyword id="21433895" type="General" weightage="20" keywordseo="broadband-services" source="keywords">broadband services</keyword> across India. Similarly, industry executives anticipate a surge in local participation in the Indian space services sector, driven by the newfound commercial options enabled by access to non-Indian orbital resources. <cmsannotation type="cmsannotation" annotationid="Reliance, Starlink, OneWeb, Globalstar express interest" comment="subhead" text="Reliance, Starlink, OneWeb, Globalstar express interest">Reliance, <keyword id="7612156" type="General" weightage="20" keywordseo="starlink" source="Orion">Starlink</keyword>, OneWeb, <keyword id="4771035" type="General" weightage="20" keywordseo="globalstar" source="Orion">Globalstar</keyword> express interest</cmsannotation> The implications extend beyond the domestic market, with global satellite giants such as Bharti Mittal-backed <keyword id="20253140" type="General" weightage="20" keywordseo="eutelsat-oneweb" source="keywords">Eutelsat OneWeb</keyword>, Amazon and <keyword id="6354504" type="General" weightage="20" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> expressing interest in leveraging India's burgeoning satcom market. Elon Musk’s Starlink — which was instrumental in emergency communications during the conflicts in Ukraine and Gaza — is also eyeing the country’s satcom market. Globalstar, the American satcom company behind the emergency SOS services in Apple iPhones, has also been seeking clearances to launch similar services in India. If approved, upcoming handsets by the tech giant could be equipped with the potentially life-saving tech as well.

India's satcom sector to take off as IN-SPACe allows Indian players access to international orbital data

<a href="https://www.airbus.com/space/telecommunications-satellites/oneweb-satellites-connection-for-people-all-over-the-globe.html">Airbus</a>An illustration of OneWeb satellites covering Earth in high-speed internet service.<ul class="summary-list"><li>SoftBank-backed satellite startup OneWeb is reportedly considering filing for bankruptcy as it struggles with big-name rivals and high costs.</li><li>Despite raising around $3.3 billion in debt and equity financing from backers like SoftBank, Qualcomm, and Airbus, it's up against the monetary muscle of Jeff Bezos' Project Kuiper and Elon Musk's Starlink.</li><li>According to anonymous sources cited by Bloomberg, the company is considering seeking court protection even while it continues to review possible out-of-court alternatives to bankruptcy.</li><li>In August 2019, SoftBank wrote down its stake in London-based OneWeb by a reported £380 million ($450 million). </li><li>OneWeb and SoftBank did not immediately respond to Business Insider's requests for comment.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>SoftBank-backed satellite startup OneWeb is reportedly considering filing for bankruptcy as it struggles with big-name rivals and high costs.According to <a href="https://www.bloomberg.com/news/articles/2020-03-19/softbank-s-oneweb-is-said-to-mull-bankruptcy-as-cash-dwindles?srnd=technology-vp">anonymous sources cited by Bloomberg</a>, London-based OneWeb is considering seeking court protection even while it continues to review possible out-of-court alternatives to bankruptcy.OneWeb's mission is to create deploy and maintain a constellation of hundreds of so-called low-earth-orbit satellites, to provide the world's population with high-speed internet access. Its first batch of satellites was launched in February 2019.The business of providing ultra-high-speed internet services via satellite might sound like science fiction, but the reality is that it's established and fiercely competitive.Despite <a href="https://www.crunchbase.com/organization/oneweb">raising around $3 billion</a> from the likes of Qualcomm and Airbus, as well as SoftBank and Virgin founder Richard Branson, OneWeb is up against the monetary muscle of Jeff Bezos' Project Kuiper and Elon Musk's Starlink.It's also up against established firms in the sector like fellow London-based firm Inmarsat, Paris-based Eutelsat Communications, and Luxembourgian firm Intelsat - the latter of which dates back to 1964.Perhaps mindful of this competition, Japanese tech conglomerate SoftBank <a href="https://www.telegraph.co.uk/technology/2019/08/17/softbank-loses-380m-stake-oneweb-british-satellite-start-up/">wrote down its stake OneWeb by a reported £380 million ($450 million) in August 2019</a>. If OneWeb does file for bankruptcy, it would be one of the first SoftBank-backed startups to do so - and possibly irk SoftBank in the process.In October, experts <a href="https://www.businessinsider.com/heres-why-softbank-didnt-let-wework-go-bankrupt-2019-10?r=US&amp;IR=T">told Business Insider</a> that, while SoftBank could easily have let WeWork go bankrupt instead of bailing it out after its disastrous IPO, it likely wanted to protect its reputation in the investing community, especially while it gears up for a second Vision Fund.OneWeb and SoftBank did not immediately respond to Business Insider's requests for comment. <h3>NOW WATCH: <a href="https://www.businessinsider.com/bidets-better-than-using-just-toilet-paper-2019-9">Why bidets are better than buying countless rolls of toilet paper</a></h3>

Outmuscled by Elon Musk's Starlink and Jeff Bezos' Project Kuiper, SoftBank-backed satellite startup OneWeb is at risk of dying

Amid the ongoing geopolitical tension, the <keyword id="19904988" type="General" weightage="20" keywordseo="energy-sector" source="keywords">energy sector</keyword> will continue to face challenge while the <keyword id="20468174" type="General" weightage="20" keywordseo="consumer-goods" source="keywords">consumer goods</keyword>, automotive, healthcare is set to expand in 2025, highlighted a report 'Industry Outlook 2025' by <keyword id="20618515" type="General" weightage="100" keywordseo="Economist-Intelligence-Unit" source="keywords" meta.keywordsubtype="org" meta.entityname="Economist Intelligence Unit" meta.hostid="261" meta.entityid="Economist Intelligence Unit">Economist Intelligence Unit</keyword>. The report noted that the Fossil fuel markets will continue to face risks from geopolitical conflicts, particularly in the Middle East and Ukraine. However, investments in <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> will remain strong, especially in China, as the world pushes toward cleaner and more sustainable energy sources. The report said "Fossil-fuel markets will continue to face <keyword id="20064250" type="General" weightage="20" keywordseo="geopolitical-risks" source="keywords">geopolitical risks</keyword> amid conflicts in the Middle East and Ukraine, but investment into renewables will remain strong, particularly in China." It also added that the financial sector faces a mixed outlook with falling interest rates anticipated to narrow bank profit margins, potentially leading to smaller dividend payouts for shareholders. Yet, regulatory easing could provide relief, with the Basel III endgame likely seeing further delays, softening the impact on banking institutions amid a challenging economic landscape. For the consumer goods and retailing the report added that the Global retail volumes are forecast to grow by 2.2 per cent in 2025, thanks to easing inflation. However, stricter regulations on online retailing will target high-volume, low-price retailers, to ensure fair competition and consumer protection. It said "Global retail volumes will expand by 2.2 per cent, helped by disinflation, but regulations around online retailing will tighten further" As per report, the <keyword id="20359760" type="General" weightage="20" keywordseo="automotive-sector" source="keywords">automotive sector</keyword> is set for a record year, it said "After a difficult few years, annual new-vehicle sales will reach a record 97.2m units in 2025. This includes a 2 per cent rise in new car sales, a 4 per cent increase in commercial vehicle sales, and a significant 16 per cent growth in <keyword id="19963112" type="General" weightage="20" keywordseo="electric-vehicle-sales" source="keywords">electric vehicle sales</keyword>, reflecting the sector's recovery and the shift toward cleaner mobility. In technology the report added more countries will adopt satellite internet, although the primary users will be enterprise clients, including military and maritime sectors. Amazon's Project Kuiper will challenge the existing market dominance of Starlink and EutelSat OneWeb, offering more competition and potential growth in satellite connectivity. The resulting tensions will continue to affect investment into production and market entry, with companies taking advantage of government incentives to build out more flexible supply chains. <keyword id="23684177" type="General" weightage="20" keywordseo="investment-in-technology" source="keywords">Investment in technology</keyword>, particularly artificial intelligence (AI), will also be strong as projects gather pace. However, technology companies will face pressure from several directions as regulations tighten (particularly in Europe), investors become more impatient for profits and their energy usage comes under more scrutiny.

Consumer goods, auto and healthcare sector to expand but energy may face challenge in 2025: Report

<ul class="summary-list"><li>A company developing Russia's answer to Elon Musk's Starlink said it completed its first tests.</li><li>Bureau 1440, a Russian-owned project, said the trials were successful, with more to come.</li></ul>A company developing Russia's answer to Elon Musk's Starlink said it has completed its first series of tests, using a laser inter-satellite link of its own design.Bureau 1440, a project office for research on using low-earth orbit satellite systems for high-speed data transmission, shared the update in a Telegram <a target="_blank" href="https://t.me/bureau_1440/86">post</a> on Monday.It said that more than 200 gigabytes of data was transferred at 10 gigabits per second, between spacecraft located more than 30 kilometers apart.The tests were the company's first successful experience of domestic laser inter-satellite communication in space, it said, and confirmed the performance and potential of its technology.It added that it was preparing dozens of new tests at a distance of hundreds of kilometers between satellites.SpaceX's Starlink satellites operate in low-Earth orbit and also use inter-satellite laser links to pass data between one another.This allows it to offer broad internet coverage around the world.Russia has been <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/ukraine-spacex-trying-to-stop-russia-using-starlink-2024-2">banned</a> from using Starlink, though reports suggest that Russian forces are getting the company's terminals through a <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/russia-uses-starlink-terminals-ukraine-thriving-black-market-sudan-wsj-2024-4">complex black market</a> and bringing them to the Ukrainian battlefield at scale.The Russia-based company, formerly known as <a target="_blank" href="https://tadviser.com/index.php/Company:Bureau_1440_(formerly_MegaFon_1440)">MegaFon 1440</a>, announced its plan to invest the equivalent of $76 million in the development of a satellite data transmission system in 2020.The company launched its first three satellites into orbit in 2023, <a target="_blank" href="https://tadviser.com/index.php/Company:Bureau_1440_(formerly_MegaFon_1440)">according to the Russian business portal TAdviser</a>.In a Telegram <a target="_blank" href="https://t.me/bureau_1440/85">post</a> last month, the company said its goal was to create a broadband data service that would provide high-speed communications with low latency anywhere in the world — exactly like Space X's Starlink.Its website <a target="_blank" href="https://1440.space/">touts</a> the project as a revolution similar to Sputnik 1, the first artificial satellite successfully <a target="_blank" href="https://nssdc.gsfc.nasa.gov/nmc/spacecraft/display.action?id=1957-001B#:~:text=The%20Sputnik%201%20spacecraft%20was,of%20the%20former%20Soviet%20Union.">launched</a> into orbit in 1957.Bureau 1440 didn't immediately respond to a request for comment from Business Insider.The company is one of several developing global high-speed internet access through satellite constellations in low Earth orbit.In addition to Starlink, Amazon's <a target="_blank" href="https://www.aboutamazon.com/what-we-do/devices-services/project-kuiper">Project Kuiper</a>, Eutelsat's <a target="_blank" href="https://oneweb.net/our-network">OneWeb</a>, and Telesat's <a target="_blank" href="https://www.telesat.com/leo-satellites/">Lightspeed</a> are also vying for the market.

A company developing Russia's answer to Musk's Starlink says it completed its first tests

London, <keyword id="19994374" type="General" weightage="20" keywordseo="bharti" source="keywords">Bharti</keyword> Enterprises Founder and Chairman <keyword id="20035984" type="General" weightage="20" keywordseo="sunil-bharti-mittal" source="keywords">Sunil Bharti Mittal</keyword> on Wednesday became the first Indian citizen to be conferred an honorary <keyword id="20763363" type="General" weightage="20" keywordseo="knighthood" source="keywords">Knighthood</keyword> by Britain's King Charles III "for services to UK and India business relations". In a list of honorary British awards unveiled by the UK Cabinet Office, <keyword id="20134935" type="General" weightage="20" keywordseo="mittal" source="keywords">Mittal</keyword> receives a KBE under the Most Excellent Order of the British Empire - one of the highest honours conferred by a British monarch. The 66-year-old entrepreneur said in a statement that he was "deeply humbled" by the gracious recognition from King Charles. "The UK and India have historical relations, which are now entering a new era of increased cooperation and collaboration. I remain committed to working towards strengthening the economic and bilateral trade relationships between our two great nations," Mittal said. "I am thankful to the government of the UK, whose support and keen attention to the needs of business has been critical in making the country an attractive investment destination," he said. The KBE, conferred for a pre-eminent contribution in any field of activity, is awarded in an honorary capacity to foreign nationals. While the Knighthood conferred on UK nationals gives them the title of Sir or Dame, non-UK nationals awarded the honour add KBE (or DBE for women) after their name. Previous Indian recipients of the Honorary KBE include Ratan Tata (2009), Ravi <keyword id="20006262" type="General" weightage="20" keywordseo="shankar" source="keywords">Shankar</keyword> (2001) and Jamshed Irani (1997), conferred by the late Queen Elizabeth II. The investiture ceremony will be conducted by the British High Commissioner to India at a later date, when he will formally hand over the royal insignia to Mittal. The honour recognises Bharti Enterprises' work within the India-UK space, including with the UK government in the field of satellites. Sunil Bharti Mittal led the revival of OneWeb (now Eutelsat), leading a consortium with the UK government and other strategic investors to offer satellite broadband services globally, a company statement notes. Mittal has a strong connection with the UK, as a member of the India-UK CEO Forum and has previously been awarded the Honorary Doctor of Civil Law from Newcastle University and an Honorary Doctor of Laws from the University of Leeds. He is also a member of the Vice Chancellor's Circle of Advisors at the University of Cambridge. Additionally, Sunil Bharti Mittal has served on the Governing Body of the London Business School (LBS) and as a Member of the India Advisory Group at the London School of Economics and Political Science (LSE). In 2019, Bharti's Airtel Africa was listed on the London Stock Exchange and is a constituent of the FTSE100 Index.

Bharti Enterprises chief Sunil Bharti Mittal knighted by King Charles III

<ul class="summary-list"><li>The first two satellites for Amazon's Project Kuiper internet service were launched on Friday.</li><li>They are the first of more than 3,200 planned satellites set to provide orbital broadband services.</li></ul>Amazon launched its first two satellites into orbit on Friday in a challenge to Elon Musk's Starlink internet service.The satellites were prototypes for Project Kuiper, Amazon's $10 billion plan to create a constellation of more than 3,200 satellites within the next six years to provide global broadband internet services.The <a target="_blank" href="https://www.aboutamazon.com/news/innovation-at-amazon/how-kuiper-extends-cell-and-internet-service#:~:text=Amazon%20created%20Project%20Kuiper%2C%20its,underserved%20communities%20around%20the%20world.">company</a> has previously said that the network will serve tens of millions of customers and aims "to help close that digital divide by delivering affordable, high-speed internet service to unserved and underserved communities around the world."KuiperSat-1 and KuiperSat-2 were launched from the Atlas V rocket from United Launch Alliance (ULA), which released them into orbit at an altitude of 311 miles (500 km) above Earth, per a statement from <a target="_blank" href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-project-kuiper-latest-updates">Amazon</a>.The launch <a target="_blank" href="https://www.businessinsider.com/amazon-delays-project-kuiper-satellite-launch-after-switching-rockets-2022-10">was delayed</a> from late 2022 after changes were made to the rocket-delivery system used to launch the satellites.But after a successful launch, the prototype satellites will now be used to test all elements of the Kuiper System ahead of the roll out of the full network.<div type="image" title="United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States" height="2803" width="4200" msid="104243308" hostid="261" sizebytes="449810"></div>"The launch today started a new phase of our Protoflight mission, and there's a long way to go, but it's an exciting milestone all the same," Rajeev Badyal, vice president of technology for Project Kuiper, said in the statement."I'm tremendously grateful to the Project Kuiper team for their dedication in getting us to this point, and to our partners at United Launch Alliance who helped us deploy our first spacecraft ever into orbit," he added.Project Kuiper will be in direct competition with Elon Musk's <a target="_blank" href="https://www.businessinsider.com/elon-musk-starlink-satellites-internet">Starlink </a>broadband network, the most established low-orbit satellite-internet service available.More than 4,000 Starlink satellites have been launched into orbit since May 2019, and last month SpaceX <a target="_blank" href="https://twitter.com/Starlink/status/1705695980325323023">announced</a> that more than 2 million customers were using its internet services.Satellite internet networks bring faster connectivity to rural communities, bridging the digital gap. They have also proven to be highly effective as a fallback when natural or manmade disasters disrupt traditional communications networks.Joining Amazon in the satellite internet race are the Canadian satellite operator Telesat and OneWeb, which is owned by the French satellite company Eutelsat and the British government.Amazon did not immediately respond to a request for comment from Insider, which was made outside of normal working hours.

Amazon launches its first internet satellites as Jeff Bezos looks to rival SpaceX's Starlink

<ul class="summary-list"><li><keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> has acquired <keyword id="6354576" type="UNKNOWN" weightage="60" keywordseo="facebook">Facebook</keyword>'s <keyword id="2695061" type="PERSON" weightage="60" keywordseo="Satellite-Internet">satellite internet</keyword> team, <a href="https://www.theinformation.com/articles/amazon-acquires-facebooks-satellite-internet-group?utm_source=sg&amp;utm_medium=email&amp;utm_campaign=article_email&amp;utm_content=article-5946article-5946">The Information</a> reported Tuesday.</li><li>The group of more than a dozen LA-based scientists and engineers joined Amazon in April.</li><li>The acquisition ends Facebook's plans to develop satellite internet, while bolstering Amazon's own.</li></ul>Amazon has acquired Facebook's team of more than a dozen satellite internet experts, <a href="https://www.theinformation.com/articles/amazon-acquires-facebooks-satellite-internet-group?utm_source=sg&amp;utm_medium=email&amp;utm_campaign=article_email&amp;utm_content=article-5946article-5946">The Information</a> reported Tuesday and spokespeople for the two companies confirmed. The deal bolsters Amazon's $10 billion effort to develop low Earth orbit (LEO) satellites capable of delivering high-speed broadband internet around the globe, while marking the end of Facebook's ultimately unsuccessful efforts to do the same.Facebook's team, which joined Amazon's existing 500-person operation in April, included physicists as well as hardware and software engineers who have experience working on aeronautical and wireless systems, according to The Information.The talent acquisition deal included some intellectual property developed by the team, as well as equipment and facilities, Facebook told Insider. Other terms were not disclosed.Amazon has raced to compete with other satellite internet companies, including <a href="https://www.businessinsider.com/spacex-starlink-amazon-oneweb-companies-compete-satellite-internet-2021-4#eutelsat-6">Elon Musk's SpaceX and its Starlink network, in addition to OneWeb, and the Europe-based Eutelsat</a>.Amazon received approval in July 2020 from the Federal Communications Commission to launch 3,236 LEO satellites in an effort called <keyword id="7504920" type="UNKNOWN" weightage="60" keywordseo="project-kuiper">Project Kuiper</keyword>, with the company saying it plans to bring its satellite-based internet service online after 578 satellites are in orbit.<a href="https://www.businessinsider.com/facebook-filings-athena-satellite-project-still-ongoing-planning-launch-2020-1">Facebook's own research efforts</a> around satellite-based internet <keyword id="6355118" type="UNKNOWN" weightage="60" keywordseo="technology">technology</keyword>, which began as early as 2015, have encountered multiple hurdles. Given Facebook's lack of plans to launch its own satellite network, the Amazon acquisition will allow its satellite team to continue its work, Facebook told The Information. A spokesperson told Insider that Facebook will keep working with partner companies like Eutelsat and pursuing its other <a href="https://engineering.fb.com/2021/06/28/connectivity/digital-divide/">efforts to expand internet access</a>.

Amazon acquires Facebook's satellite internet team, bolstering its efforts to compete with SpaceX

<ul class="summary-list"><li><keyword id="28249" type="COMPANY" weightage="60" keywordseo="europe">Europe</keyword> is planning to build a new <keyword id="6358065" type="UNKNOWN" weightage="60" keywordseo="satellite">satellite</keyword> constellation reportedly costing six billion euros ($7.3 billion) that would work in a similar way to <keyword id="6360701" type="DEFINITION" weightage="60" keywordseo="spacex">SpaceX</keyword>'s <keyword id="7612156" type="UNKNOWN" weightage="60" keywordseo="starlink">Starlink</keyword>.</li><li>The constellation will beam <keyword id="382594" type="PERSON" weightage="60" keywordseo="internet-access">internet access</keyword> to European citizens, notably those in isolated areas, and allow governments to communicate securely.</li><li>European Union officials have signed off a study for a low-earth orbit constellation, which is due to take place at the start of 2021, people familiar with the matter <a href="https://www.lesechos.fr/industrie-services/air-defense/satellites-la-commission-europeenne-fourbit-ses-armes-pour-resister-a-spacex-et-amazon-1274350">told</a> Les Echos.</li><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword> has said SpaceX's <keyword id="6357247" type="UNKNOWN" weightage="60" keywordseo="Internet">internet</keyword> satellite beta could reach Europe by February 2021.</li></ul>European countries are reportedly planning to develop a six billion euro ($7.3 billion) satellite-internet system similar to Elon Musk's Starlink network, as the race for global space broadband coverage heats up.A study for a low-Earth orbit constellation was signed off by European Union officials, anonymous people in the bloc's Commission told French newspaper <a href="https://www.lesechos.fr/industrie-services/air-defense/satellites-la-commission-europeenne-fourbit-ses-armes-pour-resister-a-spacex-et-amazon-1274350">Les Echos</a> Wednesday. The constellation would beam internet to European citizens, especially in isolated communities, and provide secure lines for government communications, they said.The EU could make an announcement about a satellite constellation on Thursday, a person with knowledge of the matter told <a href="https://www.bloomberg.com/news/articles/2020-12-16/europe-wants-its-own-alternative-to-elon-musk-s-starlink-network?cmpid=BBD121720_OEU&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=201217&amp;utm_campaign=openeurope&amp;sref=lAVQtUwzpe&amp;sref=lAVQtUwz">Bloomberg</a> Wednesday. They didn't disclose any further details.The study for the constellation would kick off at the start of next year and the contract is expected to be signed before the end of 2021, the European Commission said in a statement to Bloomberg.EU Industry Commissioner Thierry Breton, a former French technology executive and finance minister, is heading the project, Les Echos said. European aerospace firm Airbus will head a consortium to build the constellation, as well as French-Italian company Thales Alenia Space, Germany's OHB SE, satellite operators Eutelsat Communications SA and SES SA, and space companies Telespazio and Arianespace, the paper said.The space broadband system would cost the European Union, the aerospace companies and a regional recovery fund around $7.3 billion, Les Echos reported. The European Commission didn't comment on the budget in its statement, nor immediately respond to Business Insider's request for comment.Having a satellite constellation would make Europe less reliant on other countries whose space services are excelling.US aerospace company SpaceX, founded by Musk in 2002, has launched at least <a href="https://web.archive.org/web/20201019184734/https://planet4589.org/space/stats/megacon/starbad.html" target="_blank" rel="noopener">830 working Starlink satellites</a> into orbit for its high-speed internet service. The goal of Starlink is to envelop the Earth with up to <a href="https://www.businessinsider.com/spacex-starlink-internet-satellites-itc-filing-30000-additional-42000-total-2019-10?r=US&amp;IR=TIR=T">42,000 satellites</a> beaming down high-speed internet. Elon Musk said November 3 the Starlink public beta, which is currently confined to the northern US and southern Canada, could reach Europe by February 2021. He <a href="https://twitter.com/elonmusk/status/1323359592722669573" target="_blank" rel="noopener noreferrer">tweeted</a> European countries would get access "as soon as we get country approval," which he said would be in February or March.Read more: <a href="https://www.businessinsider.com/spacex-starlink-satellite-internet-rdof-fcc-subsidy-locations-blocks-maps-2020-12?r=kd-sub">Block-by-block maps reveal where SpaceX must offer Starlink satellite internet to 642,000 homes and businesses at competitive prices</a>UK-based OneWeb, Musk's closest rival to Starlink, plans to blast 650 satellites into orbit by the end of the year, according to a <a href="https://www.oneweb.world/assets/news/media/AE-mission-briefing-ST29.pdf">mission briefing</a>. The space company wants to eventually provide global internet coverage with a total of 48,000 satellites. This is 6,000 more than what SpaceX has planned for its Starlink constellation.China is racing to catch up with the US and UK as it plans to develop three low-Earth orbit satellite constellations - Hongyun with 864 satellites, Hongyan with 320 satellites, and Galaxy Space, per <a href="https://room.eu.com/news/chinese-company-seeks-approval-to-launch-nearly-13000-satellites">Room</a>. The country has made its <a href="https://www.businessinsider.com/china-sends-satellites-into-space-in-first-sea-based-commercial-launch-2020-9">space programme a top priority</a> recently as it aims to become a major space power by 2030.

You Searched For "eutelsat oneweb" and got 8 results

India's satcom sector to take off as IN-SPACe allows Indian players access to international orbital data

Ankush Banerjee

Outmuscled by Elon Musk's Starlink and Jeff Bezos' Project Kuiper, SoftBank-backed satellite startup OneWeb is at risk of dying

Charlie Wood

Consumer goods, auto and healthcare sector to expand but energy may face challenge in 2025: Report

ANI

A company developing Russia's answer to Musk's Starlink says it completed its first tests

Thibault Spirlet

Bharti Enterprises chief Sunil Bharti Mittal knighted by King Charles III

PTI

Amazon launches its first internet satellites as Jeff Bezos looks to rival SpaceX's Starlink

Polly Thompson

Amazon acquires Facebook's satellite internet team, bolstering its efforts to compete with SpaceX

Tyler Sonnemaker

Europe wants to build its own version of SpaceX's Starlink with a $7.3 billion constellation of internet satellites

Kate Duffy

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