Europe Responds to Starlink: Satellite Industry Partnership

European aerospace giants Airbus, Thales, and Leonardo are joining forces to create a joint European satellite industry entity, responding to Elon Musk's Starlink.

The agreement, expected to take effect in 2027, is subject to approval by European regulatory authorities. The new company will employ 25,000 people and operate under joint control, with Airbus holding 35% and Thales and Leonardo holding 32.5% each.

The project, known as "Project Bromo", follows the model of MBDA and aims to strengthen the European presence in the satellite industry and ensure technological independence.