SES invests up to EUR 1.35 billion in IRIS2 MEO satellite segment

• SES completed IRIS² “Rendez-vous 1” milestone, clearing the programme to move into implementation for Europe’s multi-orbit secure connectivity buildout.
• Expected capital commitment for the MEO segment capped at up to EUR 1.35 billion, based on the current scope for 18 MEO satellites.
• Service entry remains targeted for 2030; 2026 investment is included in the FY26 capex outlook.
• About 90% of MEO capacity is expected to stay commercially exploitable, supporting long-term revenue across government, mobility, enterprise connectivity.
• Contract IRR expected to meet a minimum 10% hurdle rate; funding plan excludes any future exceptional cash proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SES SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-341299), on August 10, 2026, and is solely responsible for the information contained therein.