SpaceX dominates global space economy through Starlink, driving competitors to reconsider strategies.

Elon Musk's SpaceX is leading the global space economy by drastically reducing launch costs and dominating satellite internet with Starlink. This has left competitors like Jeff Bezos' Blue Origin and Europe's satellite firms, including Eutelsat and SES, struggling to keep pace. The European Union is considering investments in new satellite projects and simplifying governance to revive its space industry and provide affordable internet to underserved areas, aiming to compete with SpaceX.

October 18, 2024
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