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Home Finance Business Finance

SpaceX Rocket Launches Eutelsat’s First Satellites Post-Merger

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October 20, 2024
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SpaceX Rocket Launches Eutelsat’s First Satellites Post-Merger
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SpaceX logo is screened on a mobile phone for illustration photo. 

Beata Zawrzel | Nurphoto | Getty Images

On a pivotal day in the cosmos of satellite communications, Eutelsat, globally ranked as the third-largest satellite operator based on revenue, embarked on a significant journey that saw the launch of 20 satellites to bolster its communications network. This monumental event took place on Sunday, leveraging the technological prowess of Elon Musk’s celebrated SpaceX. This occasion marked Eutelsat’s first significant step since a strategic merger of two European behemoths last year.

With the assistance of a SpaceX Falcon 9 rocket, these satellites embarked on their voyage from the Vandenberg Space Force Base in California precisely at 0513 GMT. The launch wasn’t merely a routine operation; it symbolized a new chapter for Eutelsat, particularly after its merger with OneWeb. The amalgamation of France’s Eutelsat and Britain’s OneWeb resulted in the creation of a Paris-based powerhouse in September of the previous year, boasting an impressive constellation of over 600 low Earth orbit satellites. This fleet is dedicated to serving a diverse clientele including broadcasters, telecom companies, and radio stations, representing a pivotal force in global communications.

Eva Berneke, CEO of the merged entity, in her conversation with Reuters, emphasized the monumental nature of this launch as the first involving OneWeb satellites post-merger. Berneke’s vision for the future includes an ambitious plan to expand this satellite constellation over the forthcoming years, underscoring a commitment to innovation and global connectivity.

Under Berneke’s leadership, Eutelsat aims to seamlessly integrate this enhanced satellite capability into the broader telecommunications ecosystem. Berneke candidly acknowledges the satellite segment as a niche yet pivotal component within the expansive connectivity landscape. The emphasis is on cultivating symbiotic relationships with telecom giants, where satellites play a crucial, albeit smaller, role.

Notably, Eutelsat’s client roster is impressive, featuring telecom titans such as France’s Orange and Australia’s Telstra. Furthermore, the company is actively engaged in discussions with other major players, including AT&T in the United States. Eutelsat finds itself in a position of strength with a substantial backlog of orders valued at $4 billion, poised for further expansion into new markets.

One such promising market is India, projected to grow at an annual rate of 36% to reach $1.9 billion by 2030. The Indian market currently stands at the cusp of permitting satellite services, a development eagerly awaited by Eutelsat and other global players like Starlink. The intricate dynamics and potential regulatory friction between domestic and international companies emphasize the critical nature of this market’s evolution. Berneke expressed optimism about this opportunity, noting the significant portion of Eutelsat’s backlog linked to the Indian market, awaiting regulatory clearance to propel forward.

Apart from geographical expansion, Eutelsat is exploring sectoral diversification, notably through partnerships with aviation companies to offer in-flight connectivity. This initiative aims to provide passengers with services such as internet browsing, with expectations set on generating revenue increases from the next year onwards.

Evidently, the trajectory for Eutelsat post-merger is set towards expansive growth, not just in terms of satellite numbers but also in broadening its service offerings and market penetration. The strategic use of SpaceX’s launch capabilities symbolizes Eutelsat’s commitment to leveraging cutting-edge technology to further its mission.

In conclusion, as we orbit back to Earth from the expanse of outer space and satellite communications, it’s fascinating to observe how conglomerates like Eutelsat strive to bridge the terrestrial and celestial through advanced telecommunications technology. The collaboration between Eutelsat and SpaceX underscores a harmonious blend of ambition and innovation aimed at enhancing global connectivity. As satellites continue to play an indispensable role in our interconnected world, the insights from Eva Berneke resonate with a vision of a future where distances diminish, and communication barriers are dissolved. In a universe teeming with technological marvels, the stars aren’t just destinations; they’re part of the journey to a more connected globe.

For more enthralling narratives and updates on the plethora of advancements unfolding across the digital and beyond, hover over to DeFi Daily News. Dive into the latest news articles and get lost in the universe of digital evolution, where every story is another door to limitless possibilities.



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