European Satellite Sector Must Consolidate to Compete with Musk’s Starlink

The European satellite sector needs to consolidate in order to keep up with Elon Musk's Starlink network, according to Lorenzo Mariani, co-general manager of Leonardo. He emphasized the need for evolution and potential industry consolidation to remain competitive.

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.