EUROPE'S NEW SPACE MERGER EXPLORES THE FOMO FRONTIER
https://media.zenfs.com/en/reuters.com/c6b157f0f134b552a017035e1ed12048
✍️ Europe's biggest satellite firms, Airbus, Thales, and Leonardo, are merging to compete with SpaceX and other global players in the $7 billion satellite market.
👉 Airbus, Thales, and Leonardo are merging to compete with SpaceX and other global players in the $7 billion satellite market. 👉 The merger aims to unite the companies' satellite activities to compete globally. 👉 The deal reflects the fear of missing out (FOMO) in a market dominated by SpaceX and its Starlink array, as well as new mega-constellations in China. 👉 The merger unites two joint ventures between Thales and Leonardo, with Airbus' satellite business, and various smaller activities.
-- #ElonMusk #GuillaumeFaury #CalebHenry #ChristianvonderRopp #NickCunningham #Paris #London #China #Ukraine #UnitedStates #Germany #technology
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