Faced with American space giants like SpaceX and Blue Origin, Europe is finally trying to get its act together. Airbus, Thales, and Italy's Leonardo have just submitted a preliminary proposal to the European Commission to merge their space activities into a joint venture. This strategic merger, supported by the states, aims to create a true European giant in the sector, capable of competing on a global scale.
A proven model
According to available information, Airbus, Thales, and Leonardo would each hold a third of the capital of this future entity, which could be created by the end of 2026. The proposed structure is reminiscent of the structure already in place for the missile manufacturer MBDA, owned by Airbus (37,5%), BAE Systems (37,5%), and Leonardo (25%). But be warned: nothing is decided yet. The discussions initiated with Brussels represent a decisive test for European competition authorities, traditionally cautious about the creation of continental industrial "champions."
Europe in search of a space heavyweight
This potential merger addresses a crucial challenge: providing Europe with a structure powerful enough to stand up to American players, particularly SpaceX, which has become a key player in the commercial space sector. The debate is not new, but it is now taking on crucial importance as global competition intensifies. Germany's OHB System, another European heavyweight in the sector, will undoubtedly be closely monitoring developments in this ambitious project. For Airbus, Thales, and Leonardo, the challenge is now as much technological and economic as it is political, at a time when Europe is staking its credibility in space on the international stage.
