European Aerospace Giants Merge Space Divisions to Challenge SpaceX Dominance
Europe’s three largest aerospace manufacturers are merging their space divisions to create a formidable competitor to SpaceX. The new joint venture will employ approximately 25,000 people and focus on satellite development and space sovereignty.
Major European Space Consolidation
Europe’s three largest aerospace manufacturers—Airbus, Leonardo, and Thales—have finalized an agreement to combine their space divisions into a single entity, according to reports. The consolidation creates what industry analysts suggest could become a significant competitor to American space company SpaceX, particularly in the satellite communications market.
