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SAP Surpasses Novo Nordisk To Become Europe’s Largest Company

by THEFUTURE.TEAM

March 24, 2025

SAP, the German software company, has officially overtaken Danish pharmaceutical giant Novo Nordisk to become Europe’s largest company by market capitalization. SAP’s market value reached $340 billion, surpassing Novo Nordisk’s $293.06 billion.

Key Factors Behind SAP’s Rise

SAP has experienced significant stock growth, particularly driven by optimism around its cloud business and its investments in generative artificial intelligence (AI). Since the start of 2025, SAP’s shares have risen 7%, and the company has seen a total return of 160% since the end of 2022, substantially outpacing the broader European STOXX 600 index, which rose by only 28%. The company’s increasing focus on cloud technologies and AI solutions for business applications has positioned it as a leader in digital transformation.

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In recent months, strong investor interest has further propelled SAP’s growth, spurred by its expanding cloud services portfolio, AI developments, and strategic partnerships with large international corporations. These factors, alongside improvements to SAP’s ERP systems, have helped the company secure its top position.

Challenges For Novo Nordisk

In contrast, Novo Nordisk, which held the title of Europe’s largest company as recently as September 2023, has seen its stock lag due to disappointing results from its experimental obesity drug, Cagrisema. This has led to a slight decline in its market value, despite its strong performance in the pharmaceutical industry.

What This Means For The Future

The rise of SAP highlights the growing dominance of the technology sector in Europe, with digital transformation and AI solutions becoming key areas of investor focus. While Novo Nordisk is likely to remain a major player in the pharmaceutical industry, SAP’s success suggests that the European technology sector could experience even more growth, particularly with the increasing importance of AI and automation in business.

Looking ahead, competition between tech giants such as SAP and ASML is expected to intensify, marking the beginning of a new era for Europe’s technology-driven economy.

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FCC Approves Amazon’s Ambitious Expansion Of Leo Satellite Constellation

by THEFUTURE.TEAM

February 11, 2026

FCC Greenlights Expansion To 7,700 Satellites

The Federal Communications Commission has approved Amazon’s request to deploy an additional 4,500 low Earth orbit satellites, increasing its planned constellation to approximately 7,700 units. This move is a significant step in Amazon’s strategy to compete with Elon Musk’s SpaceX and its Starlink network.

Accelerating Satellite Launches

The online retail giant Amazon.com has already launched more than 150 satellites since April, using a variety of rocket providers. The company expects to begin delivering satellite internet via its Leo service later this year. Initially announced in 2019, Leo is now in its second generation of orbital systems operating at altitudes of about 400 miles, offering enhanced frequency support and expanded geographic coverage.

Challenging Deployment Deadlines

The FCC has mandated that 50% of the approved satellites must be launched by February 10, 2032, with the remaining 50% following by February 10, 2035. Additionally, Amazon is under pressure to deploy 1,600 first-generation satellites by July 2026, a deadline for which the company has recently requested an extension to either July 2028 or a full waiver, citing rocket availability issues beyond its control.

Investment And Future Missions

With a reported $10 billion investment in its internet-from-space service, Amazon is positioning Leo to rival SpaceX’s Starlink, which boasts over 9,000 satellites and approximately 9 million customers. The company anticipates an additional $1 billion in capital expenditure for Leo this year and has scheduled over 20 launches in 2026 with plans to increase to more than 30 in 2027. The upcoming mission, set for Thursday via an Arianespace rocket, will deploy another 32 satellites into orbit, complementing 17 further missions booked with the French firm.

As the competitive landscape of satellite internet intensifies, Amazon’s rapid deployment of satellites is a testament to its commitment and capability. With Leo evolving quickly, the race to provide comprehensive global connectivity is entering a decisive phase.