European plans to create space champion face challenging timeline
Hurdles to merger of Airbus, Thales and Leonardo operations come as industry struggles against Elon Musk’s Starlink
Hurdles to merger of Airbus, Thales and Leonardo operations come as industry struggles against Elon Musk’s Starlink

European defence groups promise ‘significant synergies’ to respond to rapid expansion of Starlink network

Airbus set to own 35% under agreement while Leonardo and Thales would each hold 32.5%

Deal follows pressure from regulators and is expected to help Starlink expand

The continent’s alternative is a jobs programme cosplaying as a space strategy

Revolut backer Balderton Capital says continent needs to accelerate development of space and defence industry

Franco-German group The Exploration Company is planning a significantly larger capital raise than its $160mn round last year