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      "text": "Eutelsat investing c.€2bn, back-end loaded to the later stages of the project, giving it: Access to additional sellable LEO capacity of 1.5 Tbps out of total 2 Tbps of LEO capacity. Access to KaMil capacity not consumed by EU sovereign needs. Scale advantages of shared fixed costs and R&D investments in new technologies. Commitments from EU and Member States for IRIS2 capacity worth several hundred of million euros. Clearly capped financial commitment with strict milestones providing for exit and compensation in the event of missed targets compromising returns.",
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      "text": "Eutelsat a core member of SpaceRISE consortium to procure, build, and operate Iris² European multi-orbit satellite constellation. €10.6bn project, 60% funded by EU and 40% by consortium members. Aiming for entry into service in 2030. Initial 12 year concession period.",
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