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Unlock the Editor’s Digest for free: Insights from the FT Editor and the Future of European Space Programs

Unlock the Editor’s Digest for free

Are you interested in gaining insights from the Editor of the FT, Roula Khalaf, and discovering her favorite stories in a weekly newsletter? Now is your chance to unlock the Editor’s Digest for free and stay informed on the latest news and developments in the world of finance and beyond.

In a recent edition of the Editor’s Digest, a key topic discussed was the European Space Agency and the challenges it faces in maintaining multilateral investment in its space programs. Philippe Baptiste, the head of France’s space agency, CNES, raised concerns about the policy of georeturn, which dictates that contracts are awarded based on countries’ investments rather than competitiveness. This approach has been blamed for delays and cost overruns in Europe’s Ariane 6 rocket program, prompting calls for reform.

Baptiste emphasized the need for efficiency and competitiveness in Europe’s space programs, warning that failure to address the issues with georeturn could lead to a loss of support from the European Union. While ESA’s director-general Josef Aschbacher defended the current system and highlighted the success of programs like Galileo, the debate underscores the challenges faced by the agency in balancing collaboration with competition.

The decision to introduce a competitive procurement process for Europe’s launch requirements was driven by Germany’s concerns over the Ariane 6 program’s competitiveness compared to SpaceX’s Falcon 9 rocket. This move has sparked tensions within ESA, with France viewing it as a threat to its dominance in rocket manufacturing.

As ESA prepares to present proposals for reforming georeturn, the debate continues over the future of the agency and the balance between collaboration and competition. While some see the need for change to enhance efficiency and competitiveness, others fear the potential implications for ESA’s intergovernmental structure and Europe’s space programs.

Stay informed on this important issue and more by unlocking the Editor’s Digest for free. Gain access to exclusive insights and analysis from the Editor of the FT and stay ahead of the curve in the world of finance and beyond. Don’t miss out on this valuable opportunity to expand your knowledge and understanding of key issues shaping the world today.

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