It’s more that they’re targeting SpaceX, and there’s some assumptions that maybe they’re going to maybe come up with an alternative to Starlink
The companies — each a heavyweight in the aerospace and defense sector in their own right — said the joint venture would develop and build, “a comprehensive portfolio of complementary technologies and end-to-end solutions, from space infrastructure to services.” The development of space launchers will be excluded from the new company’s operations.
(emphasis mine)
I don’t say you’re wrong, but I got the opposite conclusion from the article.
The combined entity is expected to generate mid-triple-digit million euros in annual synergies on operating income within five years of closing [which is 2027 according to the report], and it’s set to employ 25,000 people across Europe.
It’s more that they’re targeting SpaceX, and there’s some assumptions that maybe they’re going to maybe come up with an alternative to Starlink.
Which would be good. Just - probably decades away.
(emphasis mine)
I don’t say you’re wrong, but I got the opposite conclusion from the article.