Eutelsat expects at least EUR10B in IRIS2 revenue by 2040

Eutelsat, which leads the EU's low Earth orbit network IRIS2, expects at least EUR10 billion (about US$11.2 billion) in revenue from 2032 to 2040. The project is positioned as Europe's homegrown answer to Starlink.

• Eutelsat forecasts at least EUR10B in IRIS2 revenue
• Revenue is expected between 2032 and 2040
• IRIS2 is a European LEO network pitched as a Starlink alternative