Exclusive-German government forbids complete takeover of satellite startup by Chinese firm

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Exclusive-German government forbids complete takeover of satellite startup by Chinese firm
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By Andreas Rinke BERLIN (Reuters) - The German government on Wednesday agreed to forbid the complete takeover of satellite startup KLEO Connect by a ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Andreas Rinke

Shanghai Spacecom Satellite Technology, which already has 53% of the company, wanted to acquire the 45% minority stake of German company EightyLeo. This emerging space sector is increasingly considered strategically important as the recent debate over the possible use of Starlink by the Ukrainian military in its defence against Russia's invasion.

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