Europe’s $7.5 Billion Space Alliance: Airbus, Thales & Leonardo Join Forces to Challenge Musk’s Starlink
Europe is finally uniting its space champions. In a landmark agreement announced on October 23, aerospace giants Airbus, Thales, and Leonardo unveiled plans to combine their satellite divisions into a single joint venture worth €6.5 billion in annual salesreuters.com. The move wraps up months of negotiations and seeks to create a European “one-stop-shop” for satellites and space systems that can compete with Elon Musk’s Starlink megaconstellation and other rivalsreuters.com. It’s a strategic play to regain ground in the global space race, where Europe’s once-leading satellite firms have fallen behind the explosive growth of U.S. and Chinese players.