On October 23, 2025, Europe's three major aerospace companies—Airbus, Thales, and Leonardo—announced that they had reached a memorandum of understanding (MOU) and planned to jointly establish a new company to merge their satellite and space businesses. This strategic partnership will enable Europe to secure a more autonomous position in the global space industry, especially in the competitive fields of satellite internet and low-Earth orbit (LEO) satellites, aiming to challenge the "Starlink" project led by the American company SpaceX.
One of the core objectives of this merger plan is to enhance Europe's competitiveness in the global space industry, particularly in key areas such as LEO satellite services, Earth observation, and space exploration. The three companies will work together to respond more flexibly and innovatively to the growing global space demand, promote efficient satellite manufacturing and launching systems, and strengthen their service capabilities for global clients.
The new company is expected to begin operations in 2027, with plans to establish branches in multiple countries across Europe, generating employment for approximately 25,000 people. The projected annual revenue will reach 6.5 billion euros, laying a solid foundation for continued growth and technological innovation in Europe's space industry.
One of the main goals of the merger is to enhance Europe's strategic autonomy in the space industry. Europe has long faced intense competition from the United States and China in the fields of satellite internet and space services. This merger will push Europe's space industry toward greater autonomy on the global stage.
As Jeenoce, we understand that market competition is not just about technological rivalry but also about the art of cooperation and integration. In this context, as a company deeply involved in the development of global space technologies, we have long been positioning ourselves for the future of the space industry and continue to strengthen our strategic partnerships with leading international enterprises. Through this merger, we see a new development opportunity—helping companies respond more agilely to changes in the global market, enhance the technological sophistication of their products and services, and meet the diverse demands of the market.
As the global satellite internet market continues to expand, the scope of space services has extended beyond traditional military and communications applications to include areas such as smart cities, climate monitoring, and disaster response. To better meet the ever-changing demands of the global market, the new company will increase its investment in technological innovation, leveraging the strengths of all parties to promote the integration of satellite manufacturing, launching, and operational services.
For Jeenoce, we not only possess advanced aerospace technology R&D capabilities, but also, through close cooperation with global partners, have accumulated rich market application experience. From forward-looking industry trend analysis to precise insights into customer needs, Jeenoce always stands at the forefront of industry transformation. This partnership offers us a broader platform for innovation, and we are confident that through technological empowerment, we can provide more personalized and customized space solutions for our clients.
With the strategic cooperation between Airbus, Thales, and Leonardo, the European space industry is set to embrace a new development opportunity. This merger will not only help address existing competitive challenges but also drive technological innovation and market positioning in Europe’s space sector. For Jeenoce, we will continue to strengthen our specialized capabilities and global integration, leveraging our expertise and global resources to deliver more stable, reliable, and innovative space service solutions to clients worldwide.
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