@jesper.hagman has written an interesting article, among other things, about how Airbus, Thales, and Leonardo are preparing to merge their satellite businesses into a new company. ![]()
Industry giants Airbus, Thales, and Leonardo are preparing to merge their satellite businesses into a new company valued at $11.6 billion. The goal is to create a European counterforce to SpaceX, Amazon, and China’s growing space industries, and to take on the challenge of future satellite markets.
Europe is taking a historic step to avoid being left behind in the so-called “new space race.” Three industrial giants, Airbus, Thales, and Leonardo, have reached an agreement to merge their satellite divisions in a project operating under the working title Project Bromo. The deal is estimated to be worth approximately 130 billion kronor, and it would create a unified European player capable of competing in markets where SpaceX’s Starlink already dominates.