Love or hate Elon, he's been able to turn himself into a very powerful figure on the world stage through technology alone. If you think him having complete control over Starlink is a national security risk, he's just getting started.
Unfortunately with European employement laws, I don't see them being able to compete. If you tried, you’d face fines, lawsuits, and maybe even criminal penalties for making your employees work the 80+ hour weeks that Elon requires from all of his companies.
Europe craves work life balance, Elon craves technological power. He's convinced some smart people their life is the company. Europe just doesn't have that culture, and it's mandated by law that you can't have that culture.