The EU Wants To Fast-track The Launch Of An Alternative To SpaceX

To be less dependent on Elon Musk.

In the coming days, the European Union will submit the necessary documents to launch the Project Bromo satellite initiative, which is intended to compete with the American company SpaceX and reduce dependence on billionaire Elon Musk.

This was reported by Bloomberg.

According to a source, over the past year, the main focus has been on identifying and resolving any potential competition-related issues regarding the project before it is officially approved.

The project, known as Project Bromo, was highly praised by European Commission President Ursula von der Leyen, although her replacement, Competition Commissioner Thérèse Ribera, warned that the project cannot expect leniency from regulatory authorities.

The goal is to create a company that will help Europe reduce its dependence on American satellite service providers, such as Elon Musk’s SpaceX.

This venture will also be one of the first projects to test the EU’s updated approach to corporate mergers, which provides more favorable conditions for creating regional giants capable of competing with American and Chinese rivals.

Last month, Ursula von der Leyen cited Project Bromo as the industrial leader Europe needs to successfully develop the space economy of the future.

As a reminder, just a few days ago the Ukrainian Armed Forces encountered operational restrictions on Starlink , which is owned by Elon Musk’s company SpaceX.

You can support the website Charter97.org

MULTI-CURRENCY ACCOUNT FOR ASSISTANCE:

Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims

You can contact us by the e-mail charter97@gmail.com