EconomyLens.com
No Result
View All Result
Thursday, August 7, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Tech

Macron says Europe must become ‘space power’ again

Andrew Murphy by Andrew Murphy
June 20, 2025
in Tech
Reading Time: 4 mins read
A A
2
57
SHARES
710
VIEWS
Share on FacebookShare on Twitter

The European space industry is struggling to remain competitive in the face of Elon Musk's SpaceX. ©AFP

Le Bourget (France) (AFP) – President Emmanuel Macron said Friday that Europe must again become a global space power, warning that France risked being squeezed out of the global low-orbit satellite constellation market. Macron spoke at the Paris Air Show in Le Bourget outside the French capital a day after France more than doubled its stake in satellite operator Eutelsat, the EU rival to Elon Musk’s Starlink.

Related

United Airlines flights grounded in the US

US government gets a year of ChatGPT Enterprise for $1

China’s Baidu to deploy robotaxis on rideshare app Lyft

Musk’s X accuses Britain of online safety ‘overreach’

Nvidia says no ‘backdoors’ in chips as China questions security

Macron called for more investment as the European space industry struggles to remain competitive in the face of US and Chinese rivals. “SpaceX has disrupted the market, Amazon is also getting involved. China is not far behind, and I think we all need to be very clear-headed,” Macron said. Europe must become “a space power once again, with France at its heart”, he said. He warned that Europeans were “on the verge of being completely” squeezed out of the low Earth orbit (LEO) satellite constellation market.

Orbiting just a few hundred kilometres above the Earth, low Earth orbit satellite networks can play a crucial role in various fields including telecommunications, emergency response, space exploration, and defence. Growing geopolitical tensions have forced countries to focus on the independence of their satellite infrastructure. Macron said France and its partners should not be reliant on non-European constellations in low orbit, calling it “madness”. He called non-European players to team up with France. “This must be the solution for our major strategic partners in the Gulf, India, Canada and Brazil,” he said.

“We really need to succeed in increasing our collective investment effort,” Macron added, noting the importance of private investors and public-private collaboration. He also said France planned to organise a space summit in early 2026 to “mobilise our public and private partners across the globe.” As part of the overall deal with other investors worth 1.35 billion euros ($1.5 billion), the French state is set to become Eutelsat’s largest shareholder.

The European satellite operator is vying to be seen as an alternative to Starlink, as companies in Europe and elsewhere look askance at Musk’s manoeuvrings and seek to secure sovereign solutions. Boasting more than 600 satellites since merging with British firm OneWeb in 2023, Eutelsat is the world’s second-largest operator of low Earth orbit satellites, behind Starlink.

© 2024 AFP

Tags: geopoliticssatellitesspace exploration
Share23Tweet14Share4Pin5Send
Previous Post

Big-name porn sites back online in France after age check row

Next Post

Putin says recession in Russia ‘must not be allowed to happen’

Andrew Murphy

Andrew Murphy

Related Posts

Tech

Nintendo quarterly revenue surges thanks to Switch 2

August 1, 2025
Tech

Nvidia says no ‘backdoors’ in chips as China questions security

July 31, 2025
Tech

Amazon profits surge 35% but forecast sinks share price

August 1, 2025
Tech

Amazon profits surge 35% as AI investments drive growth

July 31, 2025
Tech

Google must open Android to rival app stores: US court

July 31, 2025
Tech

EA shooter ‘Battlefield 6’ to appear in October

July 31, 2025
Next Post

Putin says recession in Russia 'must not be allowed to happen'

Sahel juntas pile pressure on foreign mining firms

Global stocks mixed, oil lower as market digests latest on Iran

Protesters slam war profiteering, Israel at French air fair

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

China says trade jumped in July, beating forecasts

August 6, 2025

Higher US tariffs take effect on dozens of economies

August 6, 2025

Sony hikes profit forecasts after strong quarter for games

August 6, 2025

Mexican authorities accuse Adidas of cultural appropriation

August 6, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.