EADSY - Airbus Is Finally Back in Orbit. Does That Make the Stock a Buy?
2024-07-21 07:07:00 ET
At long last, Europe has a space rocket, the Ariane 6, able to compete with SpaceX and its ubiquitous Falcon 9. The Ariane 6 isn't a reusable rocket, it arrived four years later than it was supposed to, and it probably costs about twice as much as a Falcon.
But for ArianeGroup, and its parent company Airbus (OTC: EADSY) , their Ariane 6 rocket is finally a success.
On Tuesday, July 9, to the repeated refrain of trajectoire nominal (translation: A-OK), Airbus sub-subsidiary Arianespace launched its new Ariane 6 rocket for the first time, built by its own parent company, ArianeGroup. Airbus is in turn a 50-50 owner of ArianeGroup, sharing ownership with France's Safran . For simplicity's sake, let's refer to this whole group as Airbus from here on out.
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Airbus Is Finally Back in Orbit. Does That Make the Stock a Buy?