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Space firms plot new European satellite venture to take on Starlink
Europe's Airbus, Thales and Leonardo are exploring plans to set up a new joint space company as they look to compete with Elon Musk's Starlink."Project Bromo," named after an Indonesian volcano, envisages a standalone European satellite champion modeled
"Project Bromo," named after an Indonesian volcano, envisages a standalone European satellite champion modeled on missile maker MBDA, which is owned by Airbus, Leonardo and BAE Systems, three people familiar with the matter said. Until now, Europe's leading satellite makers have said only that they are looking at working together to create greater scale in a sector marred by heavy losses, as the rapid growth of Musk's Starlink network dominates low Earth orbit. Leonardo CEO Roberto Cingolani told Reuters the talks involved various technical discussions and confirmed the intended structure would be based on the MBDA model.
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