Airbus, Leonardo, and Thales have signed a Memorandum of Understanding to combine their space activities into a new company, aiming to strengthen Europe's strategic autonomy in space and enhance innovation capabilities. The new entity, which could be operational by 2027, will focus on developing comprehensive space solutions and technologies, creating significant operational synergies and a competitive edge in the global market. The ownership will be shared among the three companies, with an emphasis on fostering collaboration and efficiency across the European space ecosystem.