European aerospace giants **Airbus, Leonardo, and Thales** signed an MoU to merge their space businesses, creating a new regional unit. This strategic move aims to achieve **significant synergies** and create a more efficient organization capable of competing effectively with market disruptors like **Elon Musk's SpaceX Starlink** satellite constellation.
📚 Test Your Knowledge:
Which company is the primary competitor prompting Airbus, Leonardo, and Thales to merge satellite operations?
Correct Answer: SpaceX