France sells Arianespace to Airbus Safran

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The competition heats up: In negotiations resulting from increased competition in the launch industry, France and its space agency have agreed to sell their stock in Arianespace to Airbus Safran, builders of the new Ariane 6, giving that private company 74% ownership.

I have reported on this deal earlier. This report makes it clear, however, that Arianespace will essentially become irrelevant after the deal is completed. Airbus Safran will build and own the rocket, and will be in charge.

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