EU plans to fast-track antitrust approval of SpaceX rival

The European Commission is preparing to fast-track antitrust clearance for a proposed satellite joint venture called Project Bromo, formed by Leonardo SpA, Airbus SE and Thales SA as a strategic counterweight to SpaceX. Regulators and the companies have been holding pre-notification talks to flag and resolve competition issues ahead of a formal filing expected soon. European Commission President Ursula von der Leyen has publicly championed the initiative as an industrial “European champion,” while Competition Commissioner Teresa Ribera has warned that regulatory approval is not automatic.

Project Bromo aims to reduce Europe’s reliance on U.S. satellite providers and will serve as an early test of a revised EU merger stance that favors building regional competitors to U.S. and Chinese firms. Unions and suppliers have raised concerns about jobs and competitive effects. If the companies propose remedies such as asset sales, regulators could conclude a Phase 1 review in just over a month for a rapid clearance; persistent concerns would trigger a lengthier in-depth probe lasting several months. Von der Leyen’s backing has drawn criticism from some lawmakers, and the plan has already produced market ripples.