European Defense giants Airbus, Thales and Leonardo announce space merger to rival Elon Musk’s Starlink

Airbus, Leonardo and Thales announced Thursday that they will combine their satellite and space activities to form a “leading European player in space,” as the region looks for a homegrown rival to Elon Musk’s Starlink. The companies — each a heavyweight in the aerospace and defense sector in their own right — said the joint venture would develop and build, “a comprehensive portfolio of complementary technologies and end-to-end solutions, from space infrastructure to services.” The development of space launchers will be excluded from the new company’s operations. The combined entity is expected to generate mid-triple-digit million euros in annual synergies...