European Aerospace Giants Form Satellite Alliance to Challenge SpaceX Dominance
Three European defense and aerospace leaders have finalized an agreement to merge their satellite operations into a single joint venture. The consolidation aims to create a stronger European competitor in the rapidly evolving space industry against established players like SpaceX.
Major European Aerospace Consolidation
Three of Europe’s largest aerospace and defense companies have reached a preliminary agreement to combine their satellite operations, according to reports from the companies. Sources indicate that Airbus SE, Leonardo SpA, and Thales SA have sealed the long-awaited deal after months of three-way negotiations, creating what analysts suggest could become a significant European competitor in the global space market.
