MUSK'S STARLINK RIVAL EUTELSAT RAISES €163M FROM UK GOVERNMENT

Summary from the TLDR Founders newsletter

The UK government has invested €163m in Eutelsat to enhance Europe's technological sovereignty. Eutelsat, which merged with OneWeb in 2022, offers low orbit satellites for secure communication, challenging Starlink's dominance. The investment is part of a larger €1.5bn fundraise alongside the French government and Bharti Space.