Reliance Plans Major Foray Into LEO Satellite Space With Billions in Investment: Report

Reliance Industries is considering a big-bang entry into the satellite communications space, with plans that could involve investments worth billions of dollars. The move would position the Indian group in direct competition with global players such as Starlink and Amazon Project Kuiper, according to an Economic Times report by Kiran Rathee dated May 6, 2026, citing people familiar with the matter.

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Ambitious push into LEO satellite market

“The company wants to be one of the biggest players in the satellite space, particularly in the low earth orbit (LEO) segment, which has immense potential,” said a person aware of details, according to the report. The proposed satellite business is expected to operate under Jio Platforms, which currently manages Reliance’s telecom and digital services.

Six teams formed to drive multi-billion-dollar initiative

Six teams have been formed to work on different aspects of the project, such as satellites, launches, payloads, and user terminals, sources were quoted as saying. The initiative aligns with the Indian government’s broader objective of strengthening domestic capabilities in satellite communications, particularly in LEO constellations, amid concerns over reliance on foreign entities for critical infrastructure.

China’s aggressive push in this domain — including filings for 200,000 satellites across multiple LEO constellations with the International Telecommunication Union — has intensified global competition. Other nations are also accelerating investments in space-based communication systems to safeguard strategic interests.