Eutelsat and OneWeb combine to create European satellite giant as Musk’s Starlink pressures sector

OneWeb, the British satellite giant, completed its combination with French rival Eutelsat Thursday, setting the stage for a European challenger to Elon Musk’s space internet venture Starlink. The two companies said in a joint statement that they had completed their all-share combination, which will see OneWeb’s constellation of low-earth orbit (LEO) satellites added to Eutelsat’s geostationary orbit (GEO) satellites. More

(Source: CNBC - Sep 29)