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Leonardo, Airbus, and Thales agree to merge satellite operations worth €6.5 billion ($7.5 billion)

Three major European aerospace companies have reached an agreement to combine their satellite businesses in a bid to take on Elon Musk's SpaceX in the global space market. Leonardo, Airbus, and Thales announced the preliminary deal after months of negotiations between the defense contractors. The merger will form a new company expected to bring in [...]

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