Hey folks! 🚀 The European Space Agency (ESA) just announced they're digging deep into the newly unveiled satellite merger by Airbus, Thales & Leonardo. Their mission? To make sure Europe's space scene stays competitive and taxpayers get the best bang for their buck.
Director General Josef Aschbacher explained that while mergers can boost industry power on the world stage, they can also reshape competition. "We'll weigh this deal in our future procurements and industrial policy," he said.
Right now, Airbus, Thales & Leonardo go head-to-head with players like Germany's OHB, Spain's Indra & Finland's ICEYE. If this combo goes through, they'll command the lion's share of Europe's satellite biz. 🦁🌍
Here's why it matters:
- Stronger Together? Boosting strategic autonomy in telco, navigation, earth observation & more.
- Fair Play: ESA will balance supporting a robust industry with keeping procurement contests open for all.
- Global Edge: A united front could help Europe take on global rivals in the space game.
The European Commission will also step in on antitrust checks. Meanwhile, ESA aims to keep Europe's space sector agile, innovative & ready to explore the final frontier. 🛰️✨
Stay tuned as ESA charts the course for Europe's space future!
Reference(s):
cgtn.com
