According to people familiar with the matter, the EU is seeking rapid antitrust approval for a satellite joint venture project seen as the European version of SpaceX. Previously, the EU had intensive discussions with project partners Leonardo SpA, Airbus, and Thales. People familiar with the matter said that discussions over the past year have focused on identifying and resolving any potential competition issues before the project is officially submitted for approval. The person familiar with the matter said that although these companies have yet to officially declare, EU officials are expected to receive applications in the next few weeks. The joint venture, called Project Bromo, was praised by European Commission President von der Leyen. She believes that the project is expected to become the industry leader in Europe and should receive senior support. However, EU competition chief Teresa Ribera warned that the project cannot be expected to be directly released by regulators. The plan aims to establish a company to help Europe reduce its dependence on US satellite service providers such as Elon Musk's SpaceX. This joint venture will also be one of the first examples to test the EU's new M&A review method.

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