| Updated: 30-07-2024 18:30 IST | Created: 30-07-2024 18:30 IST AI Generated Representative Image SHARE 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.)