Interesting move by Airbus, Thales, and Leonardo to opt to combine and form a new company. With the new company
Airbus will be the majority owner of the new joint venture with a 35% stake, and Leonardo and Thales will each hold a 32.5% stake
Creating a rival to Starlink though is going to become much harder than Europe seems to think and the biggest example of this is how their SpaceX rival has been going.... years delayed and billions over budget.... meanwhile Falcon 9 continues to drop in price and perform remarkably.