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Technology · 23 October 2025

European Space Giants Form €6.5bn Alliance to Challenge SpaceX Dominance

European Space Giants Form €6.5bn Alliance to Challenge SpaceX Dominance

Following the signing of a memorandum of understanding, aerospace giants Airbus, Leonardo, and Thales will combine their satellite divisions to form a new European space enterprise valued at approximately €6.5 billion. The venture, codenamed Project Bromo, will employ 25,000 people across Europe by 2027 and aims to compete directly with Elon Musk's SpaceX Starlink constellation. The partnership combines Europe's leading satellite manufacturers to create synergies and strengthen the continent's strategic autonomy in space.

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