European Aerospace Giants Near Landmark Space Merger to Counter SpaceX Dominance
Three European aerospace leaders are finalizing a landmark merger of their space businesses to create a unified champion capable of competing with SpaceX. The combined entity would span 30 sites with 25,000 employees and €6.5 billion in annual revenue, according to reports.
European Space Consolidation Reaches Critical Phase
Europe’s aerospace industry is poised for a transformative consolidation as Airbus, Thales, and Leonardo near agreement on merging their space businesses, according to people familiar with the discussions. The landmark deal aims to create a unified European space champion capable of competing in a market increasingly dominated by Elon Musk’s SpaceX and its Starlink satellite network.