Space Systems Shake-Up & SpaceX Expansion in Australia

Airbus plans to restructure its Space Systems business amid ongoing European consolidation talks. Meanwhile, SpaceX is in discussions with U.S. and Australian officials to land and recover its Starship rocket off Australia's coast, aiming to expand its footprint in the region.

Airbus is set to revamp its struggling Space Systems division, crafting a turnaround strategy independently of ongoing European consolidation discussions. Industry insiders reveal that this plan aims to address recent financial challenges, including 1.5 billion euros ($1.6 billion) in charges.

Meanwhile, SpaceX is negotiating with U.S. and Australian authorities to facilitate the landing and recovery of a Starship rocket off the Australian coast. This move could signify an expanded regional presence for Elon Musk's aerospace company as cooperation between the two nations grows stronger.

These initiatives highlight significant developments in the aerospace sector, underscoring innovations and strategic maneuvers by major industry players to maintain relevance and growth.

(With inputs from agencies.)