FARNBOROUGH, England : The European satellite sector needs to consolidate in order to keep pace with Elon Musk's rapidly-expanding network of Starlink communications satellites, an executive at Italian aerospace firm Leonardo said on Tuesday.
Leonardo's Co-General Manager Lorenzo Mariani poses for a photo at the Farnborough Airshow in Farnborough, Britain July 23, 2024. REUTERS/Joe BrockFARNBOROUGH, England : The European satellite sector needs to consolidate in order to keep pace with Elon Musk's rapidly-expanding network of Starlink communications satellites, an executive at Italian aerospace firm Leonardo said on Tuesday.
European aerospace groups Airbus and Thales, in which Leonardo holds a 33 per cent stake, are exploring a tie-up of some space activities, including satellite activities, industry sources say. Demand for their geostationary satellites is increasingly under pressure as traditional manufacturers face competition from massive constellations of expendable satellites in low Earth orbit, like the Starlink network built by Musk's SpaceX.
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