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The European Commission this week flicked an ignition switch on a competition to build a cheap space launcher, giving new energy to a space race dominated by US companies.

The prize, part of the European Innovation Council pilot, will award €10 million to a commercially viable and affordable launcher for light satellites.

Extra points will go to applicants who have already managed to launch smaller, inexpensive satellites and developed a concept for their launch services by the time of their application – closing date, June 1, 2021.

Image: Arianespace