EUROPE TAKES AIM AT MUSK'S STARLINK WITH NEW SATELLITE CHAMPION
https://media.zenfs.com/en/reuters-finance.com/26d28ee41190e48103bdf4cd838ab45e
✍️ Europe's top space firms, Airbus, Thales, and Leonardo, have agreed to combine their satellite manufacturing and services businesses to create a new venture, competing with Elon Musk's Starlink.
👉 Combines satellite manufacturing and services businesses of Airbus, Thales, and Leonardo 👉 Creates a new venture with a combined revenue of 6.5 billion euros and 25,000 employees 👉 Faces global competition from companies like SpaceX and Starlink 👉 Expected to generate synergies of 'mid-triple digit' millions of euros starting after five years
-- #GiuliaSegreti #TimHepher #ElviraPollina #RolandLescure #AdolfoUrso #PascalBouchiat #Rome #Paris #London #Toulouse #Germany #Italy #technology
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