The European Union has announced plans to develop a multi-billion euro satellite system to counter the dominance of Elon Musk‘s Starlink. This move is partly in response to Starlink’s refusal to provide services to the Ukrainian military during the 2022 conflict with Russia. Why It Matters: The EU’s decision to create its own satellite system directly responds to the challenges faced due to the reliance on the U.S.-based SpaceX’s Starlink. The EU is concerned about the potential vulnerability of its communication systems in the event of a national security crisis. The new satellite system, nam…