AirBus CEO on why SpaceX model may not work in Europe: Elon Musk's space is not pleasing anybody except ...
Published On : 2024-11-16T21:21:21+0530 [ IST ] |
Author : Mayur_Tembhare
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Airbus CEOGuillaume Faury reportedly expressed concerns over the potential anti-trust implications of a SpaceX-like model in Europe. He highlighted the stark contrast between theEuropean space industry characterized by its fragmented approach and stringent regulations
SpaceX's insurgent Falcon 9 rocket has slashed launch costs by introducing reusable rocketry into the commercial industry enabling deployment of the company's fast-growing Starlink constellation now tallied at nearly 7,000 satellites in orbit.
The big challenges of the European space industryThe big challenges of the European space industry
In contrast the European space industry has been plagued by delays, cost overruns and bureaucratic hurdles. The Ariane 6 launcher has faced significant setbacks while SpaceX continues to dominate the market.
In Europe we tend to do the opposite. We make 20% we buy 80%. And by buying 80% you have a large supply base which is pleasing everybody. Well Elon Musk's space is not pleasing anybody except Elon Musk.
Backed by Europe's leading space-funding nations such as France Airbus and other manufacturers have reportedly long complained that Europe's space industry is hit by rules requiring work to be shared between countries involved in funding Ariane. By contrast SpaceX is free to decide where to invest and manufactures 80% of what
He acknowledged that the current European model characterized by a distributed approach and strict regulations may hinder innovation and competitiveness.
Balance between innovation and regulation Balance between innovation and regulation
The European space industry faces a delicate balance between fostering innovation and ensuring fair competition. While regulations are necessary to maintain a level playing field, they should not stifle progress.
Source : Reporters From Sunrise Chronicles
Tags : spacespacex ," said , industryfaury reportedly said , Faury , saidreuters report .< h2 , h2insurgent falcon 9 rocket , The Ariane , We , by , spacexregulation </ h2 , Backed ,
Summary :
Airbus CEOGuillaume Faury reportedly expressed concerns over the potential anti-trust implications of a SpaceX-like model in Europe. He highlighted the stark contrast between theEuropean space indu
