Europe's space giants unite; joint venture formed to compete with Musk; Airbus takes max stake
Airbus, Leonardo, and Thales are merging their space businesses to form a new European entity capable of competing with SpaceX's Starlink. This strategic move aims to achieve significant cost savings and enhance competitiveness in the evolving space market. The combined company, expected to be operational by 2027, will employ 25,000 people and generate substantial annual revenue.
Airbus, Leonardo, and Thales are merging their space businesses to form a new European entity capable of competing with SpaceX's Starlink. This strategic move aims to achieve significant cost savings and enhance competitiveness in the evolving space market. The combined company, expected to be operational by 2027, will employ 25,000 people and generate substantial annual revenue.
