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The election of Donald Trump is prompting European officials to reconsider their reliance on U.S. space cooperation, with calls for increased investment in European space capabilities. Concerns about potential cuts in German space spending and the need for autonomy are driving discussions on enhancing Europe's space industry, especially in light of upcoming elections and geopolitical challenges.
Investors anticipate growth in the space industry under the Trump administration, with expectations of increased defense budgets and reduced regulatory hurdles. While some see potential for significant investment, others caution that the impact may be less dramatic due to existing geopolitical tensions and Europe's ongoing efforts to bolster its space sector. Notably, China has outpaced the U.S. in space investment this year, highlighting the intensifying competition in the field.
Reaction Engines Ltd., a British developer of air-breathing rocket engines, has filed for bankruptcy after failing to secure additional funding. Most of its 200 employees have been laid off, and the company is now under administration, with a likely outcome of liquidation. Founded in 1989, it is known for the SABRE engine concept and the proposed Skylon spaceplane, which never progressed beyond the conceptual stage.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Europe reassesses space cooperation amid uncertainties from Trump administration
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11:39 22.11.2024
investors anticipate space industry growth under new trump administration
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02:41 21.11.2024
British spaceplane developer Reaction Engines files for bankruptcy and layoffs
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01:26 11.11.2024
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