Game Over! Europe Just Lost Billion Dollars to SpaceX & Elon Musk…Here’s Why
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0:00-0:20: Intro
0:21-3:35: Europe Depends on SpaceX
3:36-7:03: why
7:04-What about the European satellite sector?
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#alphatech
#techalpha
#spacex
#elonmusk
#starship
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Game Over! Europe Just Lost Billion Dollars to SpaceX & Elon Musk…Here’s Why
SpaceX is dominating the global space industry — but Europe hopes a new rocket will change that.
However, their dream may be difficult to achieve, and it could even get worse as billions of dollars in Europe’s rocket business continue to fall into the hands of SpaceX.
Why?
Let’s find out on today’s episode of Alpha Tech:
In recent years, Europe has largely relied on SpaceX to launch satellites into space. In 2023, European Union officials reached a $195 million agreement for SpaceX to launch four highly sensitive Galileo global positioning satellites.
Game Over! Europe Just Lost Billion Dollars to SpaceX & Elon Musk…Here’s Why
More recently, the Ariane 6 suffered a major blow when European weather satellite operator Eumetsat announced it would use SpaceX’s Falcon 9 rocket to launch its next-generation weather satellite, rather than the Ariane 6 as planned. That decision stunned European officials, with French space agency head Philippe Baptiste calling it a ‘quite brutal change’ and criticizing Eumetsat for not buying European.
Italy and Spain have also turned to SpaceX to launch military satellites, which would likely have been handled by Arianespace if European rockets were available.
Game Over! Europe Just Lost Billion Dollars to SpaceX & Elon Musk…Here’s Why
“You don’t want to depend on anybody, and that’s why all the nations that are space-faring nations want their own access to space,” Lucia Linares, director of space transportation and launch strategy at the Agency European Cosmos said.
Josef Aschbacher, ESA’s director general, lamented the situation in a series of statements last year. Last May, he wrote that Europe found itself in an “acute launcher crisis with a (albeit temporary) gap in its own access to space and no real launcher vision beyond 2030.”
But from the perspective of European investors, they had no other choice because SpaceX was the most suitable partner for them at this time. To quickly end this situation and pull Europe’s space industry out of the fate of having no access to space, the European Space Agency (ESA) along with Arianespace accelerated the long-delayed Ariane 6 rocket to its first launch on July 9.
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