Intelsat picked SpaceX and its European competitor Arianespace to launch seven satellites in the coming years, with the contracts worth a combined $390 million.
Under the terms of the contract, beginning in 2022 Intelsat will launch four of its satellites on two SpaceX Falcon 9 rockets and two more satellites on an Ariane 5 rocket. The final seventh satellite is contracted with both SpaceX and Arianespace, as a way for Intelsat to make sure it launches on time. Intelsat will award whichever company doesn’t launch the seventh satellite with a contract for a separate later launch, the company told CNBC.
Intelsat declined CNBC’s request for comment on how the $390 million will be split…