Watch as Eutelsat uses SpaceX rocket to launch first satellites after merger
- by cnbctv18
- Oct 20, 2024
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October 20, 2024, 1:56:02 PM IST (Published)
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Sattelite operator Eutelsat launched 20 satellites for its communications network on Sunday, October 20, using Elon Musk’s SpaceX. This is the first launch since the Paris-based group's merger in September 2023 with Britain’s OneWeb.
At 5.13 GMT, Eutelsat satellites were launched via SpaceX Falcon 9 rocket that took off from California’s Vandenberg Space Force Base. Eutelsat, the world’s third-biggest satellite operator by revenue, has over 600 low-earth orbit satellites and caters to broadcasters, telos and radio stations. — SpaceX (@SpaceX) October 20, 2024
"This is the first OneWeb launch of the satellites since the merger. We will be launching more satellites over the coming years," CEO Eva Berneke told Reuters. "We really want to integrate into the telco ecosystem. Satellites are an interesting niche in the overall connectivity ecosystems where telcos are the big boys in the class and satellite will always be a smaller part."
The company counts major telecom firms among its clientele, including France’s Orange and Australia’s Telstra, and is currently negotiating with other operators like AT&T in the US.
With a substantial order backlog valued at $4 billion, the firm is also awaiting market openings in countries such as India and Saudi Arabia.
India is projected to experience a 36% annual growth, reaching $1.9 billion by 2030, and is on the verge of permitting satellite services. However, the market has faced tensions between local entities and international players like Starlink.
Berneke noted, “We have some of our backlog sitting in the Indian market… It remains until India opens up. Once it does, we will commence construction.”
Additionally, the company is exploring partnerships with aviation firms to provide in-flight connectivity solutions, including internet access, and anticipates that revenue will begin to rise starting next year.
(With inputs from Reuters)
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