The European Commission approves plans for a €6B satellite internet system to rival SpaceX and others, despite previous objections from its internal watchdog
The EU's scrutiny board rejected the impact assessment for L€O 2× on the basis that other options had not been fully considered. It is rare for a project to be rebuffed twice by the commission's internal watchdog & a scheme would usually then be blocked. https://www.ft.com/...
The EU has found the one successful US tech company it can't just restrict with regulation (it's in space) and must now actually fund a competitor. Can't see how this doesn't flop like EU's anti-Google (Quaero) & anti-AWS (GAIA-X) competitors. https://www.bloomberg.com/...
Clearly EU Commissioner for interfering in the economy Breton couldn't have the UK subsidise and he not have a similar suggestion... “The EU conceived the idea after the UK bought a stake in OneWeb”. Seems in both cases many are resistant... https://www.ft.com/...