Reuters reports that Airbus and Safran "pledged on Thursday to make Europe competitive in the face of U.S. low-cost rival SpaceX as they completed a deal to merge their space launcher activities."
Under the final deal, French engine maker Safran will pay Airbus Group 750 million euros ($832 million) to ensure an equal 50/50 ownership split in the new venture -- slightly less than a previously expected figure of 800 million..
"They needed to complete this deal so that they are ready to design an entire launcher for civil customers rather than government requirements, forcing the agencies to accept what they have done for their customers rather than work with what governments want," an analyst said, asking not to be named.
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Airbus/Safran Space Launchers Merger
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(Score: -1, Troll) by Anonymous Coward on Saturday July 02 2016, @08:52AM
Oh yeah, yeah. Corporations getting in bed together, so hot like E-Long Musky, so sexy, oh yeah.
(Score: -1, Offtopic) by Anonymous Coward on Saturday July 02 2016, @12:56PM
but us chickens. Cluck.
(Score: 0) by Anonymous Coward on Saturday July 02 2016, @01:32PM
Project Fear are intent on dominating space from their European totalitarian base. We must stop them at all costs. They will not be content until they have put honest men like Musk and Bezos out of business. Valliant warriors of the keyboard, we thought we just destabilized their Nazi regime by liberating Great Britain, but the best is licking its wounds and rising up with vengance it its black heart. Gentlemen, start your trolling!
(Score: 1) by cyberthanasis on Saturday July 02 2016, @01:33PM
Thanks to Elon, at first American companies and now European ones, realise that they need to compete and lower prices for space access.
I can't wait for the first private spaceship passing/orbiting/landing to mars.
(Score: 0) by Anonymous Coward on Saturday July 02 2016, @01:47PM
Thanks to Elon, many people never got their money out of PayPal. He must have been earning a lot of interest from that money.
(Score: 2) by tibman on Saturday July 02 2016, @06:48PM
The last time he had any control of paypal was 2002.
SN won't survive on lurkers alone. Write comments.
(Score: 0) by Anonymous Coward on Saturday July 02 2016, @07:09PM
Never forgive, never forget. Death to the Paypal Mafia.