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Story summary
- Airbus, Leonardo, and Thales announced a merger of their space operations to create a European satellite powerhouse to compete with Starlink.
- The joint venture is provisionally named Project Bromo.
- It will be operational by 2027.
- The venture will employ about 25,000 people.
- It will generate €6.5 billion in annual revenues, reinforcing Europe’s position against U.S. and Chinese competitors.
