European Satellite Sector Needs Consolidation to Compete with Musk

The European satellite sector must consolidate to compete with Elon Musk's expanding Starlink network, according to Lorenzo Mariani of Leonardo. This consolidation is crucial for Europe's evolution in the space industry.

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.

"Thanks to Elon Musk and his team, Europe will have to evolve somehow. This evolution needs probably to take into account some form of consolidation," Lorenzo Mariani, co-general manager of Leonardo, told Reuters.

(With inputs from agencies.)