France is set to double its stake in satellite company Eutelsat as it looks to create a rival to Elon Musk’s Starlink, a growing constellation of satellites providing internet connectivity worldwide. The move aims to strengthen Europe’s position in the global satellite industry and provide an alternative to Musk’s ambitious space-based network.
Source: https://www.ft.com/content/734e7969-059d-475a-a090-e01d58a623fe