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FCC Greenlights Expansion Of SpaceX’s Starlink Satellite Network

Strong Regulatory Endorsement Bolsters Global Connectivity

The Federal Communications Commission has approved an additional 7,500 second-generation Starlink satellites for SpaceX, bringing the total number to 15,000 satellites deployed globally. This decisive move not only permits SpaceX to extend its high-speed internet coverage but also advances operational capabilities across five distinct frequency bands.

Innovative Spectrum Utilization And Expanded Service Offerings

According to the FCC announcement, the new authorization sets the stage for Starlink satellites to deliver direct-to-cell connectivity beyond U.S. borders, while also enhancing supplemental coverage within the United States. This multifaceted approach underscores how regulatory clarity can drive technological innovation in the broadband space.

Phased Deployment And Strategic Milestones

In its report to Reuters, the FCC detailed that while SpaceX initially sought approval for a total of 15,000 satellites, authorization for the remaining 14,988 proposed Generation 2 satellites will be deferred. SpaceX is mandated to deploy 50% of the approved satellites by December 1, 2028, with the balance planned for completion by December 2031. This phased timeline emphasizes a structured expansion strategy designed to ensure both technological readiness and market stability.

The FCC’s measured approach not only reinforces the critical role of regulatory support in pioneering advancements but also offers a robust example of how strategic investments in space-based services can translate into broader economic and infrastructural benefits.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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