The UK government reportedly plans to invest €163mn in French satellite firm Eutelsat as Europe pushes to back a local alternative to Elon Musk’s Starlink. The investment, first reported by Reuters, follows the lead of the French state, which is set to inject €717mn into Eutelsat as part of a €1.35bn funding package to prop up the indebted satellite communications provider. The UK contribution would bring Eutelsat’s recapitalisation to around €1.5bn. French President Emmanuel Macron thanked his “British friends” for the support in a post on X, without disclosing the deal’s value. Eutelsat has received significant attention this year, as…This story continues at The Next Web [...]
SpaceX’s Starlink is offering customers in Venezuela free access to its internet service after the US captured the country’s president, Nicolás Maduro. According to CNBC, some areas of Caracas an [...]
At the start of the month, Elon Musk announced that two of his companies — SpaceX and xAI — were merging, and would jointly launch a constellation of 1 million satellites to operate as orbital d [...]
According to Rolling Stone, employees with the Federal Aviation Administration were told on Friday to “begin finding tens of millions of dollars for a Starlink deal,” after The Washington Post re [...]
Amazon’s Project Kuiper is reportedly way behind schedule, according to an investigation by Bloomberg. This is the company’s satellite internet service, which intends to rival SpaceX and Starlink. [...]