European Space Giants Unite Against SpaceX Challenge

Italy's aerospace giant Leonardo convened with partners Thales and Airbus to finalize a critical agreement on a new European satellite manufacturer. This strategic merger aims to consolidate loss-prone sectors to challenge advancements by SpaceX, sources close to the discussion revealed.

After a year of complex negotiations over power dynamics, valuations, anti-trust considerations, and political issues in France, the deal's finalization awaits possible last-minute hindrances. A formal announcement could be expected as early as Wednesday, though timing remains uncertain.

Industry analysts observe that the consolidation attempts to emulate the collaborative success of MBDA, a missile-making joint venture established by France, Italy, and Britain in 2001. The anticipated announcement merits attention, given its implications for European aerospace governance and geopolitical interests.