Europe’s $7.5 Billion Space Alliance: Airbus, Thales & Leonardo Join Forces to Challenge Musk’s Starlink
Airbus, Thales, and Leonardo will merge their satellite and space services businesses, forming a joint venture with €6.5 billion in annual revenue and 25,000 employees. Airbus will hold 35%, Thales and Leonardo 32.5% each. The new company, expected to launch by 2027 pending approvals, aims to challenge SpaceX’s Starlink and consolidate Europe’s space industry. Leonardo shares rose sharply after the announcement.