--- title: "The three major European aerospace giants will integrate satellite and space businesses to counter Starlink" type: "News" locale: "en" url: "https://longbridge.com/en/news/262538583.md" description: "On the 23rd, the three major European aerospace giants Airbus, Thales, and Leonardo signed a memorandum of understanding, planning to establish a new company to merge satellite and space operations to enhance Europe's strategic autonomy in the space sector. The new company is expected to be operational by 2027, employing approximately 25,000 staff, with an annual revenue of up to 6.5 billion euros, aimed at countering the dominance of the U.S. Starlink" datetime: "2025-10-24T03:43:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/262538583.md) - [en](https://longbridge.com/en/news/262538583.md) - [zh-HK](https://longbridge.com/zh-HK/news/262538583.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/262538583.md) | [繁體中文](https://longbridge.com/zh-HK/news/262538583.md) # The three major European aerospace giants will integrate satellite and space businesses to counter Starlink On the 23rd, the three major European aerospace giants, France's Airbus, Thales, and Italy's Leonardo, signed a memorandum of understanding to establish a new company that will merge their satellite and space businesses to strengthen Europe's strategic autonomy in the space sector. In a joint statement released on the same day, the three parties stated that if regulatory approval is obtained, the new company is expected to officially start operations in 2027, employing approximately 25,000 people across Europe, with an annual revenue expected to reach 6.5 billion euros. France's Le Monde reported that this plan aims to counter the dominance of the United States' SpaceX's Starlink satellite network service ### Related Stocks - [Airbus SE (EADSY.US)](https://longbridge.com/en/quote/EADSY.US.md) ## Related News & Research - [Airbus Helicopters boss urges Europe to stick together on defence](https://longbridge.com/en/news/281179641.md) - [Is It Time To Reconsider Airbus (ENXTPA:AIR) After Recent Share Price Weakness](https://longbridge.com/en/news/281106996.md) - [Key facts: Airbus in rotorcraft studies; Bromo satellite JV faces review](https://longbridge.com/en/news/281285874.md) - [Ryanair CEO sees oil prices falling soon, reports German magazine](https://longbridge.com/en/news/281494633.md) - [CGS International Reaffirms Their Buy Rating on Grab (GRAB)](https://longbridge.com/en/news/281555540.md)