Wire · technology
EU lays out $18B satellite constellation plan, with Spanish firm winning key role
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Fusion42 · 29 August 2026 · Fusion42 review
The EU has approved an $18 billion plan for the IRIS2 satellite constellation, including 66 additional low Earth orbit satellites and selecting Spain's HispaSat as the prime contractor for ground communications infrastructure. Launches are planned from 2029, aiming to boost secure governmental connectivity and European strategic autonomy in space.
This Wire brief sits within Fusion42's coverage of Government & Space, and 10 sources have reported it between 7 Aug 2026 and 8 Aug 2026.
◆ ◆ The Wire takeaway
You face a clear chance this year as Europe scales its IRIS2 constellation and ground services. Target European government contracts linked to secure connectivity now that Spain’s HispaSat leads this flagship effort.
◆ Coverage
10 sources · first reported 7 Aug 2026 · latest 8 Aug 2026
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