Europe Reluctantly Chooses SpaceX to Launch Its GPS Satellites::Elon Musk’s SpaceX is set to undertake its first launch of European satellites equipped with classified technology, specifically for the Galileo system.
Europe Reluctantly Chooses SpaceX to Launch Its GPS Satellites::Elon Musk’s SpaceX is set to undertake its first launch of European satellites equipped with classified technology, specifically for the Galileo system.
The launch costs of Galileo satellites were much cheaper than 400 millions per satellite. The budget you mention covers the global development, deployment and continuous operation of the project.
They used ariane 5 rockets to send 2 satellites at a price tag of 150-200 million. https://en.m.wikipedia.org/wiki/Ariane_5#:~:text=Total launch price of an,million as of January 2015
Compare that with the price of a Falcon 9.