Leonardo’s New CEO Sees Green Light for Space Venture Next Year

June 9, 2026 at 10:29 PM UTC

Leonardo SpA’s new chief executive officer expects European regulatory approval for its satellite venture with Airbus SE and Thales SA by the end of next year, clearing the way for one of Europe’s most ambitious defense and space projects.

So-called Project Bromo aims to unify regional space operations that have failed to keep pace with Elon Musk’s SpaceX, the US juggernaut set to go public this week at a valuation of about $1.8 trillion.