Europe Space Merger Talks Progress With Airbus, Thales, Leonardo

The article discusses the progress of merger talks between three major European aerospace companies - Airbus, Thales, and Leonardo - to create a new space and satellite venture. The goal is to establish a European counterpart that can better compete with Elon Musk's SpaceX, which currently dominates the space industry. The proposed merger would combine the companies' existing space and satellite businesses, allowing them to pool their resources and expertise. This would enable the new venture to take on larger and more complex projects, potentially improving Europe's competitiveness in the global space market. The merger talks are still ongoing, and the final structure and details of the new venture are yet to be finalized. However, the article suggests that the companies are making progress in their negotiations, as they recognize the need for a stronger European presence in the rapidly evolving space industry.