{"id":3039,"date":"2023-06-29T09:56:26","date_gmt":"2023-06-29T09:56:26","guid":{"rendered":"https:\/\/mysourcefunding.com\/startups\/this-european-satellite-giant-is-coming-for-starlink\/"},"modified":"2023-06-29T09:56:27","modified_gmt":"2023-06-29T09:56:27","slug":"this-european-satellite-giant-is-coming-for-starlink","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=3039","title":{"rendered":"This European Satellite Giant Is Coming for Starlink"},"content":{"rendered":"<div>\n<p class=\"paywall\">The OneWeb-Eutelsat merger has been touted as Europe\u2019s entry into the space race. It is the only company currently competing with Musk\u2019s Starlink in the low-orbit market. But to claim its title as a European space giant, Eutelsat first has to navigate messy post-Brexit politics. Both France\u2019s Eutelsat and Britain\u2019s OneWeb were part-owned by their respective governments, and the two countries will continue to own stakes in the new business.<\/p>\n<p class=\"paywall\">Berneke admits Brexit has brought challenges. \u201cBut there\u2019s been a willingness on both sides to reach across the Channel to try and find a good way of collaborating,\u201d she says. If Europe wants a homegrown satellite giant, Britain and France will have to resolve their differences. \u201c[OneWeb\u2019s fleet] is going to be one of the only non-US-based constellations for a while,\u201d she says.<\/p>\n<p class=\"paywall\">Brexit politics are not the only hurdle. OneWeb\u2019s Gen One satellites need upgrading, and Eutelsat is planning to have more advanced Gen Two satellites in orbit by 2027. Berneke says this upgrade will cost 3 billion to 4 billion euros ($3.3-4.4 billion), a bold move for a company with a reputation for playing it safe.<\/p>\n<p class=\"paywall\">Analysts at J.P. Morgan have described the merger as \u201chigh risk.\u201d But Berneke says this new approach to running the company is a conscious decision\u2014partly influenced by Musk. \u201cStarlink has really, truly innovated, making [satellite] launches much more industrial,\u201d she says. \u201cI think that\u2019s something we all should be looking at and saying, \u2018how can we move forward much, much faster?\u2019 It\u2019s also being open to risk.\u201d<\/p>\n<p class=\"paywall\">SpaceX\u2019s willingness to embrace risk was demonstrated by its close collaboration with the Ukrainian government, which exposed Starlink satellites to Russian jamming attacks. Eutelsat was pulled into the war for a different reason. In November, Ukraine\u2019s culture minister, Oleksandr Tkachenko, published an article in French newspaper <em>Le Monde<\/em>, criticizing Eutelsat for continuing to broadcast TV channels that carried Russian propaganda. Berneke did not deny the claims. \u201cWe\u2019ve always had what we call a policy of neutrality,\u201d she says. Eutelsat follows guidance issued by French media regulator ARCOM on which channels are and aren\u2019t sanctioned.<\/p>\n<p class=\"paywall\">Berneke resists the idea that executives should implement their own sanctions on top of legally binding restrictions\u2014a trend that has been gathering pace since Russia\u2019s invasion of its neighbor. Apple, for example, voluntarily halted product sales in Russia following pressure from the Ukrainian government. \u201cWe\u2019re not going to try to do more ourselves,\u201d she says.<\/p>\n<p class=\"paywall\">Instead she argues that this stance gives the company more legitimacy to push back when regimes, like Iran, do not want some Western channels broadcast locally.<\/p>\n<p class=\"paywall\">In October 2022, the company accused Iran\u2019s regime of jamming its satellites. \u201cWe did all kinds of technical hoops and loops to make sure that we continued broadcasting because we had paying customers and we thought it was important that channels were not sanctioned,\u201d she says. \u201cSo it goes both ways.\u201d<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.wired.com\/story\/satellite-giant-eutelsat-starlink\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The OneWeb-Eutelsat merger has been touted as Europe\u2019s entry into the space race. It is the only company currently competing with Musk\u2019s Starlink in the low-orbit market. But to claim its title as a European space giant, Eutelsat first has to navigate messy post-Brexit politics. Both France\u2019s Eutelsat and Britain\u2019s OneWeb were part-owned by their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[77],"tags":[],"class_list":{"0":"post-3039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-startups"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This European Satellite Giant Is Coming for Starlink | Brandiary<\/title>\n<meta name=\"description\" content=\"The OneWeb-Eutelsat merger has been touted as Europe\u2019s entry into the space race. 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