https://techcrunch.com/2022/07/26/eutelsat-and-oneweb-agree-merger-to-create-european-satellite-juggernaut/

Two major players in the European satellite space are merging in a $3.4 billion all-share transaction, a move that is widely seen as a challenge to Elon Musk’s SpaceX.

Rumors emerged earlier this week that France’s Eutelsat was gearing up to buy its British rival OneWeb, and the duo have now confirmed these plans.