European Satellite Sector Urged to Consolidate for Competitive Edge

An executive at Italian aerospace firm Leonardo emphasized the need for consolidation in the European satellite sector to stay competitive with Elon Musk's Starlink. Lorenzo Mariani noted the urgency for Europe to evolve to keep pace with Musk's swiftly growing satellite network.

In a bid to stay competitive with Elon Musk's ever-expanding Starlink network, the European satellite sector must consolidate, according to an executive at Italian aerospace firm Leonardo.

Lorenzo Mariani, co-general manager of Leonardo, stated on Tuesday that Europe needs to evolve, potentially requiring some form of sector consolidation to keep up.

Mariani emphasized that Musk's advancements pose a significant challenge for Europe, urging a strategic evolution to maintain Europe's position in the global satellite market.

(With inputs from agencies.)