Europe’s Sovereign Tech Push Moves Capital to Rockets, Drones and War

The article discusses Europe's push for technological sovereignty, particularly in the areas of rockets, drones, and defense. It highlights the upcoming Bloomberg Tech summit in London, which will focus on this topic. The European Union is aiming to reduce its reliance on foreign technology, especially from the United States and China, and is investing heavily in domestic industries. This includes investments in space technology, such as rockets and satellites, as well as the development of drones and other defense-related technologies. The article suggests that this shift towards technological sovereignty is driven by concerns over national security, economic competitiveness, and the desire to have more control over critical technologies. It also touches on the challenges Europe faces in achieving this goal, such as the need for greater coordination and investment across the continent. Overall, the article provides a high-level overview of Europe's strategic push to bolster its technological capabilities and reduce its dependence on foreign technology.