Space Mergers: Airbus Explores Options in Europe

Airbus is mulling over a potential merger for its space business, but it's not a done deal just yet. The company's CEO, Guillaume Faury, suggested that they're open to partnering up with another firm to strengthen their space sector. This comes after Airbus took a big hit with their satellite business, losing around $980 million in the first half of the year. They've also announced job cuts in the Defence and Space division.

Faury wants to make their space business more profitable by bidding smarter and possibly pairing up with someone else. In Europe, there's interest in boosting competition against non-European players. Airbus is focusing on what they can control first, but mergers are on the table. The European Space Agency is also keeping an eye on the situation, and Airbus is still reviewing a space program that might bring more charges.

Actions