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Brussels mulls OneWeb stake to challenge Elon Musk’s Starlink

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Brussels has opened the door to investing in OneWeb, the UK taxpayer-backed ­satellite broadband company, raising the prospect of a tie-up between Britain and the EU against Elon Musk’s Starlink system.

The European Commission has asked industry players and individuals to weigh in on the merits of backing a non-EU satellite provider as the bloc seeks to avoid being left behind in a global internet space race. Brussels has spent millions putting together proposals to build its own constellation of internet satellites but has made slow progress.

An impact assessment lists buying a “minority stake in one of the non-EU constellations being built” among the possible options to prevent Europe falling behind Britain, the US, China and Russia in satellite broadband.

The Government last year bought a $500m (£362m) stake in OneWeb as part of a $1bn rescue deal. The company is competing against Starlink, owned by Mr Musk’s SpaceX, and Amazon’s forthcoming Kuiper system in building constellations that blanket the Earth in internet signal, serving isolated areas.

The EU document does not identify OneWeb as a potential destination for investment but would be seen as the most likely option, with Canada’s Telesat among its other rivals.

Photo – An European Union flag, in front of National Theater in Bucharest, Romania. EPA-EFE/ROBERT GHEMENT

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