European firms unite in bid to rival SpaceX

European aerospace heavyweights Airbus, Leonardo, and Thales have joined forces to create a 'European Space Champion' to better compete with SpaceX and other prominent players in the global space industry. The new venture, with a headquarters in Toulouse, aims to pool resources in areas like space exploration and satellite navigation. The move is seen as a strategic response to the growth in the space sector and increased spending by countries like the US and China, marking a significant milestone for Europe's space industry.