Airbus, Leonardo, Thales to Launch Space Tie-Up to Compete With Musk's SpaceX

Core Insights - The aerospace and defense giants are collaborating to create a new company focused on consolidating their space activities, which aims to enhance Europe's strategic autonomy [1] Group 1 - The initiative is a response to the growing need for Europe to strengthen its position in the global space industry [1] - The new company will likely lead to increased efficiency and innovation in space-related projects [1] - This move reflects a broader trend of consolidation within the aerospace and defense sector to better compete on a global scale [1]