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Economy

Exclusive: SpaceX Accuses Europe's Ariane Of Unfair Competition

Elon Musk’s company has asked Washington to intervene about its top European competitor receiving public subsidies. It's an odd twist in the larger trade battle, as well as the evolving world of space business.

 Falcon 9 rocket from Space X at Kennedy Space Center in Florida
Falcon 9 rocket from Space X at Kennedy Space Center in Florida
Anne Bauer

PARIS — In a less tense geopolitical and commercial context between the US and Europe, the situation might generate a hearty laugh. SpaceX, the rocket manufacturer revolutionizing the space sector with its partially reusable rockets, is complaining to Washington about unfair competition from the longstanding European program Arianespace. SpaceX submitted a letter dated in December to a top U.S. trade official, of copy of which was recently obtained by Les Echos, denouncing subsidies from the EU and the French government, which it says artificially reduce the price of Arianespace's launch services on the international market.

While Europeans are busy worrying that Ariane 6 rockets will lose out against SpaceX's products, the company founded by Elon Musk has taken aim at the financial aid allocated by the European Spatial Agency (ESA). In the letter, addressed to Edward Gresser, Assistant United States Trade Representative for Trade Policy and Economics, the Californian company values the total subsidies between 1988 and 2012 at 13.2 billion euros. It also questions the public financing of the Kourou spaceport in Guyana, estimating that it allows Arianespace to exclude infrastructural weight in its commercial offerings.

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Future

Agrotokens Let Farmers Turn Surplus Grain Into Tangible Cryptocurrency

Digital currencies may be volatile, but one company in Argentina has found a way to allow farmers to purchase goods and services online using surplus grain.

Argentine farmers harvested a record of 20.3 million tons of wheat crops from 2021 to 2022.

Clarín

BUENOS AIRES — Amid a boom in the price of farming products, an Argentine firm has devised a way for local farmers to turn surplus grain into digital credits that can be used to purchase goods with a debit card.

In partnership with Visa, Agrotoken, a firm founded by Eduardo Novillo Astrada and Ariel Scaliter, has created a card accepted by 80 million shops and businesses associated with its tokenized grains program. The firm is effectively linking Argentine farmers and exporters who have surplus grains with a global business network.

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