SPCE - Elon Musk's SpaceX Breaks Ground in Europe Wins Key Satellite Launch Deal | Benzinga
SpaceX, the aerospace manufacturer founded by billionaire entrepreneur Elon Musk, is set to expand in Europe following a recently brokered agreement with the European Space Agency (ESA).
The deal will facilitate the launch of several pivotal European navigation and secure communication satellites.
Notably, the collaboration is expected to see two launches in the coming year, each bearing two Galileo satellites, a move underscored by Javier Benedicto, the ESA's director of navigation, the Wall Street Journal reported.
The final go-ahead, rests with the European Commission and EU member states and an approval is anticipated before the end of this year.
According to the terms laid out, the U.S.-based Falcon ...