Airbus spends 1.3B on space sector overhaul
Airbus is reportedly considering the sale of its American space activities, which include a factory in Florida and a fleet of small satellites, as part of a restructuring to focus on a European partnership with Thales and Leonardo to compete with SpaceX and Chinese companies. Airbus aims to simplify its organizational structure and allocate resources toward the European joint project, especially after incurring expenses of €1.3 billion on space programs in 2024, amid declining performance of its communications satellite programs. This move comes amid increasing competition from SpaceX, which dominates the small satellite and low Earth orbit sectors, as well as expanding Chinese companies in the field.
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