Infrawatch

Eutelsat sees €10bn commercial opportunity as IRIS² work begins

2026-10-30T17:27:00

infra-eutelsat iris2

Source: Eutelsat

IRIS² construction brings Eutelsat billions in revenue but limited margin and substantial delivery risk. Management is instead focused on the next phase, with hopes of turning OneWeb into a 50%-plus-margin business.

This article includes:

  • Themes: Low-Earth orbit (LEO); Satellite broadband; Satellite capacity; Satellite investment; Satellite profitability; Sovereign connectivity.
  • People: Jean-François Fallacher; Sébastien Rouge.
  • Geographic: Europe.
  • Organisations: Aerospacelab; Airbus Defence and Space; Eutelsat; European Union; OneWeb; SpaceRISE; Starlink; Thales Alenia Space.

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