Eutelsat, the world’s third-largest satellite operator by revenue, on Sunday launched 20 satellites for its communications network using Elon Musk’s SpaceX, its first move since the merger of two European companies last year.
A SpaceX Falcon 9 rocket lifted off with the Eutelsat satellites from Vandenberg Space Base, California at 0513 GMT.
“This is the first launch of OneWeb satellites after the merger,” CEO Eva Berneke told Reuters in an interview. “We will launch more satellites in the coming years.”
The Paris-based group created by last September’s merger of France’s Eutelsat and Britain’s OneWeb has a constellation of more than 600 low-Earth orbit satellites aimed at broadcasters, telecoms companies and radio stations.
“We really want to integrate into the telecom ecosystem,” Berneke said. “Satellites are an interesting niche in the overall connectivity ecosystems, where telcos are the big boys and satellite will always be a smaller part.”
Eutelsat counts telecom operators such as France’s Orange and Australia’s Telstra ( OTC:TLGPY ) as customers and is in talks with others such as AT&T ( NYSE:T ) in the US.
The company, which has an order backlog of $4 billion, is waiting for countries like India and Saudi Arabia to open up.
India – a market set to grow 36% annually to $1.9 billion by 2030 – is in the process of enabling satellite services> It has experienced friction between domestic players and companies such as Starlink.
“We have a portion of our backlog that’s in the Indian market … It’s sitting there until India opens, the day it opens, we’ll start building,” Berneke said.
The company is also in talks with airlines to offer in-flight connectivity, including web browsing, and expects revenue to start growing from next year, he said.
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Reference;
Reuters (2024) Eutelsat uses SpaceX rocket to launch first satellites after merger By Reuters, Investing.com. Investing.com. Available at: https://www.investing.com/news/stock-market-news/eutelsat-uses-spacex-rocket-to-launch-first-satellites-after-merger-3671884 (Accessed: 20 October 2024).
