European markets could fund it if they wanted to, and so could several governments; the question, as is always the case at this scale, is what else could they invest in instead?
Looking at capital markets, one common thing in the EU is how often our investments go to businesses outside our market, while the current issue with the US is all the money is flowing to anything with "AI" in the prospectus.
When it comes to "yes, but what else could we spend this money on?", I think EU governments may be interested in rockets to the extent they're dual-use military assets, but not much beyond that. We do, after all, also want to rapidly shift a few hundred gigawatts of power supply (mostly for heating and transport, but also electricity) away from fossil fuels and towards something less prone to global geopolitical nonsense like Hormuz.
Looking at capital markets, one common thing in the EU is how often our investments go to businesses outside our market, while the current issue with the US is all the money is flowing to anything with "AI" in the prospectus.
When it comes to "yes, but what else could we spend this money on?", I think EU governments may be interested in rockets to the extent they're dual-use military assets, but not much beyond that. We do, after all, also want to rapidly shift a few hundred gigawatts of power supply (mostly for heating and transport, but also electricity) away from fossil fuels and towards something less prone to global geopolitical nonsense like Hormuz.