17 Hrs
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Sharjah24
EU accelerates satellite firm approval
The European Union is working to expedite approval for the establishment of a European satellite company to compete with SpaceX, involving companies such as Airbus, Leonardo, and Thales. The goal is to reduce Europe's reliance on American space service providers and to strengthen its independence in the satellite sector. The approval request is expected to be submitted in the coming weeks after discussions concerning monopoly risks and competition freedom, with support from European Commission President Ursula von der Leyen, who described the project as a potential European champion in space.
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