Europe seeks bigger piece of space market with new launchers

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PARIS — France, Germany and Italy announced an agreement Tuesday for a new-generation European space launcher project as part of apparent efforts to better compete with Elon Musk’s SpaceX and other rocket programs in the U.S. and China.

A statement from the three governments announced an unspecified amount of public funding for the plan, saying it would be based on market prices and economic conditions for each element of the project. The European Space Agency would award contracts to the companies involved.

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