Branding for Airbus is seen at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024. Toby Melville/Reuters
European aerospace firms Airbus, Leonardo, and Thales have agreed to merge their satellite and space systems businesses into a single European company that will compete with global giants, such as Space X’s Starlink.
The three companies announced on Oct. 23 that they signed a memorandum of understanding to create a “new European space player” that will “strengthen Europe’s strategic autonomy in space.”
