European space firms seek to compete with Musk's Starlink

Europe's Airbus, Thales, and Leonardo exploring plans to set up a new joint space company

Starlink, which is owned by Elon Musk's SpaceX, is a series of interconnected satellites that provides internet services.  

Europe's Airbus, Thales, and Leonardo are exploring plans to set up a new joint space company as they look to compete with Elon Musk's Starlink.

"Project Bromo", named after an Indonesian volcano, envisages a standalone European satellite champion modelled on missile maker MBDA, which is owned by Airbus, Leonardo and BAE Systems, three people familiar with the matter said.