European aerospace powerhouses Airbus, Leonardo and Thales are gearing up for a game-changing move in the space industry. Under the codename Project Bromo 🌋, the trio aims to launch a new satellite enterprise that can go toe-to-toe with SpaceX's low-orbit fleet.
Michael Schoellhorn, CEO of Airbus Defence and Space, told Corriere della Sera that a deal could be sealed as early as this year. He admits there are still some national and transnational complexities to sort out—basically a diplomatic space dance! 💃🕺
Roberto Cingolani, head of Italy's Leonardo, had initially hoped for a July agreement, but the timeline has been pushed back. Still, he's optimistic that once on track, this new firm will offer top-notch satellite production and launch services for both military and civilian clients.
Insiders say the venture could merge Thales Alenia Space and Telespazio and plant its flag in Toulouse, France 🌟. That makes sense since Airbus already has a major presence there.
Why does this matter? With the satellite market shifting toward cheaper, small low-Earth-orbit (LEO) satellites, Project Bromo could level up Europe's space game. Imagine better internet coverage, improved Earth monitoring, and a fresh boost for space entrepreneurs across the continent.
Stay tuned for more updates on how these European giants plan to reach for the stars and push the boundaries of space tech 🚀✨
Reference(s):
cgtn.com
