LA PLATA, Maryland —The government of Luxembourg asked its parliament to commit 301 million euros ($350… Luxembourg to invest $350 million in GovSat-2 satellite operated by JV with SES, plus $233 million as strategic capacity reserve LA PLATA, Maryland —The government of Luxembourg asked its parliament to commit 301 million euros ($350 million) to the GovSat-2 satellite project over 12 years as part of its 50/50 joint venture with SES that for a decade has managed the GovSat-1 satellite. In addition to the committed amount, the government is proposing a “strategic reserve” of 200 million euros that could be used between 2025 and 2040 if geopolitical or other unforeseen operational needs arise. The government submitted its proposed GovSat . . . To view the entire article, become a subscriber ! Peter B. de Selding is Co-Founder and Editor of SpaceIntelReport.com. He started SpaceIntelReport in 2017 after 26 years as the Paris Bureau Chief for SpaceNews where he covered the commercial satellite, launch and the international space businesses. He is a must read for space executives. Follow Peter @pbdes Europe’s $6B Metop SG weather satellite program debuts... Swissto12 acquires some assets from former Hanwha Phasor,... Satellite operator/terminal builder Ovzon: Revenue, profit boost in... Smallsat service, hardware provider AAC Clyde: 18% jump... For debt-free Spire Global, radio-frequency detection, geolocation and... AST SpaceMobile, on the heels of launch delays,... Space42: Revenue down 17% in H1, adjusted EBITDA... OHB: 2025 revenue to rise 16.5%, with another... Globalstar: Ground network upgrade preparing for 3rd-gen D2d... MDA Space: 2-sats-per-day plant opens by December, but...