EU Reportedly Seeks Fast-Track Approval for European Satellite Joint Venture

The EU reportedly is seeking to expedite antitrust approval for a satellite joint venture seen as Europe's answer to SpaceX, after intensive consultations with project partners Leonardo SpA, Airbus and Thales. Sources said discussions over the past year have focused on identifying and resolving any potential competition concerns before the project is formally submitted for review. Although the companies have not yet filed formally, EU officials are expected to receive the application in the coming weeks, according to reports. (Jiemian)