The Journal of Space Commerce

The Journal of Space Commerce

Supply Chain

When Three Become One

How Europe’s Space Mega-Merger Reshapes Supplier Power Dynamics

Mike Turner's avatar
Mike Turner
Dec 22, 2025
∙ Paid

The Airbus-Thales-Leonardo joint venture promises European space sovereignty, but hundreds of small suppliers face a stark reality: unprecedented bargaining power concentrated in one entity that can now dictate terms, timelines, and technology access.

When Airbus Defense and Space, Thales Alenia Space, and Leonardo’s space division signed their memorandu…

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