Two European satellite companies are combining in a $3.4 billion deal to rival Elon Musk's SpaceX - CNBC

U.K. satellite firm OneWeb has agreed to be taken over by European rival Eutelsat in a $3.4 billion merger deal.

OneWeb, which emerged from bankruptcy in 2020, is hoping the combination with Eutelsat will help turn its fortunes around. U.K. satellite operator OneWeb plans to join forces with European rival Eut… [+4172 chars]

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