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International Business Times
International Business Times
Business

Macron Says Europe Must Become 'Space Power' Again

European Union Emmanuel Macron Europe United States Elon Musk France Earth Eutelsat SpaceX Starlink
The European space industry is struggling to remain competitive in the face of Elon Musk's SpaceX (Credit: 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.

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