Europe’s big three aerospace manufacturers combine space divisions to create SpaceX rival

ENGADGET

Europe’s big three aerospace manufacturers are combining their space divisions to create a joint business. This “leading European player in space” could be a real rival to America’s SpaceX, according to reporting by Financial Times.

The companies Airbus, Leonardo and Thales have finalized this deal. The new unnamed entity will be based in France and will employ around 25,000 people. Airbus will own 35 percent, while the other two companies will each own 32.5 percent.

Read more | ENGADGET

---