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India Bulletin
Home»Business News»Eutelsat Rockets into Action with SpaceX Launch of First Post-Merger Satellites
Business News

Eutelsat Rockets into Action with SpaceX Launch of First Post-Merger Satellites

October 20, 20243 Mins Read
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In a vivid display of technological prowess and ambition, Eutelsat—recognized as the world’s third-largest satellite operator by revenue—successfully launched a fleet of 20 satellites to bolster its communications network, as it rides the coattails of Elon Musk’s SpaceX. This momentous launch marks the company’s inaugural endeavor following the strategic merger of two European telecommunications giants last year.

At precisely 0513 GMT, a SpaceX Falcon 9 rocket roared into the sky from California’s Vandenberg Space Force Base, carrying the Eutelsat satellites along a trajectory that symbolizes renewed aspirations and the intertwining fates of space and communication.

CEO Eva Berneke shared her excitement in an interview with Reuters, proclaiming, “This is the first OneWeb launch of the satellites since the merger. We will be launching more satellites over the coming years.” This statement reflects a steadfast commitment to expansion, underscoring the company’s drive to increase its orbiting legion.

Born from the fusion of France’s Eutelsat and Britain’s OneWeb in September, this Paris-based conglomerate now presides over a sprawling constellation of over 600 low Earth orbit satellites. These satellites are crucial to serving broadcasters, telecom titans, and radio stations, weaving a complex web of connectivity that extends across the globe.

Berneke elucidated the company’s vision, stating, “We really want to integrate into the telco ecosystem.” She further articulated the dynamic interplay between satellites and telecoms, describing it as an intriguing niche within the expansive realm of connectivity, wherein telecommunications firms dominate the landscape while satellite providers occupy a more specialized, albeit vital, role.

With an impressive backlog of $4 billion in orders awaiting fulfillment, Eutelsat is currently poised to capitalize on opportunities as international markets like India and Saudi Arabia look to deregulate and embrace satellite services more broadly. The Indian market alone is projected to surge by a staggering 36% annually, escalating to a reported $1.9 billion by 2030. However, tensions are palpable within this arena, as domestic players jostle against established names like Starlink.

Berneke elaborated on the situation: “We have some of our backlog sitting in the Indian market… It sits there until India gets open; the day it gets open, we’ll start building.” The anticipation is palpable as they await the green light to propel their ambitions in this vibrant, burgeoning market.

Additionally, Eutelsat is actively engaging with aviation companies to pioneer in-flight connectivity solutions that could revolutionize passenger experiences with reliable internet access at cruising altitude. Looking ahead, Berneke forecasts a wave of revenue growth beginning next year—a promising sign amid the complexities of global telecommunications.

business news Environment Eva Berneke France india Science Space industry
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