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The European Commission is moving forward with its delayed sovereign broadband constellation plan, IRIS², after receiving a final offer from a consortium led by SES, Eutelsat, and Hispasat. The project, which aims to deploy over 290 satellites by 2030, faces increased costs, now estimated at 10 billion euros, with a budget commitment expected by the end of the year. The initiative includes provisions for subcontracting at least 30% of contracts to smaller companies to enhance the regional space economy.
The DAX 40 has reached a new record of 19,501 points, gaining 0.7% as it benefits from positive economic data and strong performances from major companies like SAP and Airbus. With a bullish medium-term outlook, the index could target 20,000 and potentially 21,000 points, especially following the upcoming U.S. presidential election on November 5, which historically has led to significant gains.
IG
09:32 15.10.2024
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