SpaceX, a private space launch agency, and its European rival Arianespace have jointly won a US $390 million launch contract from INTELSAT, foreign media reported. As part of the C-band transition plan led by the FCC earlier this year, the project involves seven satellites to be launched in the next few years, but Intelsat did not disclose the exact funding allocation of the two partners. According to the contract, INTELSAT will launch four satellites into space orbit via SpaceX’s two Falcon 9 rockets from 2022. < / P > < p > in addition, the company will launch two more satellites with the help of Ariane 5 rocket. As for the seventh satellite, INTELSAT revealed that it has chosen a more flexible solution to ensure that the launch can be hinted at. < / P > < p > currently, maxar technologies is building five satellites for INTELSAT, while Northrop Grumman is building two more satellites. < / P > < p > as part of the Federal Communications Commission (FCC) – led C-band transition program, INTELSAT is expected to generate nearly $5 billion in revenue from satellite replacement projects. Its total debt has climbed to $15 billion since it initiated bankruptcy protection in May. However, the newly acquired contracts can reduce the debt burden to a large extent. It is reported that Intelsat plans to launch the first two launches in the third quarter of 2022, the third in the fourth quarter of 2022 and the last in the second half of 2023. Global Tech