Aerospace groups link up to create European rival to Musk’s SpaceX

The GuardianThursday, October 23, 2025 at 11:02:24 AM
Aerospace groups link up to create European rival to Musk’s SpaceX
Airbus, Leonardo, and Thales have joined forces to create a new European aerospace company aimed at competing with Elon Musk's SpaceX. This collaboration is expected to generate an annual revenue of approximately £5.6 billion, marking a significant step for Europe in the space industry. By pooling their resources and expertise, these companies hope to enhance their technological capabilities and strengthen Europe's position in the global aerospace market.
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