GEAB 152
2020 has been particularly difficult for the European space industry. Besides the suffering from the COVID-19 crisis, the European space economy is also suffering from several other shortcomings. Today, we are approaching the breaking point where Europe will either be able to take a tremendous step forward or fall significantly behind the others. The second option seems more probable, but the urgent matter remains the reviving political support. Faced with the rise of SpaceX and China,[1] a return of domestic demand, market confidence in Europe’s experience and the arrival of Newspace may enable Europe to remain the second space power.
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