Europe companies agree satellite tv for pc merger to counter Starlink

Reuters Movies

Thu, October 23, 2025 at 12:56 AM PDT

STORY: European aerospace teams have unveiled an preliminary deal to pool their loss-making satellite tv for pc manufacturing actions.They will mix forces after months of negotiations to counter the runaway development of rivals led by Elon Musk’s Starlink.The keenly awaited deal between Airbus, Thales and Leonardo goals to forge a brand new enterprise ranging from 2027.Though it is topic to approval by European regulators who’ve resisted such strikes previously.The unnamed new entity will make use of 25,000 folks throughout Europe.And the businesses stated they count on annual revenues of over $7.5 billion primarily based on final yr’s figures.Their assertion added that Airbus will maintain 35% of the enterprise, whereas Thales and Leonardo will every maintain 32.5%.However it might function underneath joint management “with a balanced governance construction”.Europe’s prime satellite tv for pc makers have lengthy competed to construct advanced spacecraft in geostationary orbit.However have been hit by the arrival of low cost tiny satellites in low Earth orbit.