Market Chatter: EU Looking to Fast-Track Approval of Rival to SpaceX Satellites

MT Newswires Live01:55

The EU is looking to expedite antitrust approval for a satellite venture that could rival Space Exploration Technologies (SPCX), Bloomberg reported Thursday, citing a person familiar with the matter.

The EU has had talks with Leonardo, Airbus and Thales over the past year about ironing out any potential regulatory concerns before the venture, called Project Bromo, is formally notified for approval, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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