European Aerospace Giants Forge Alliance to Compete in Global Space Race
Major European aerospace companies are joining forces to create a new space venture aimed at competing with industry leader SpaceX. The collaboration involves companies from five European nations and follows the model of defense consortium MBDA.
European Space Collaboration Initiative
Three of Europe’s largest aerospace corporations are establishing a joint venture to compete in the rapidly expanding space market, according to reports from industry sources. Airbus, Leonardo, and Thales are leading the initiative, which aims to position Europe as a significant player in the global space industry.