At the Paris Air Show in Le Bourget on June 21, 2017, the ESA announced Europe’s first innovation competition on space exploration, the “Space Exploration Masters”. The Luxembourg Ministry of the Economy and its SpaceResources.lu initiative feature a special prize in this competition, focused on ideas targeting the utilization of space resources.
Luxembourg provides a unique legal, regulatory and business environment enabling private investors and companies to explore and use space resources
The identification and utilization of space resources is fast becoming a reality, driven by a revolution in space technology, accelerating exploration of outer space and the eventual scarcity of certain resources on Earth. Building on its long history at the forefront of the commercial satellite communications industry, Luxembourg aims to play a leading role in the exploration and utilization of these resources.
Its goal is to ensure that space resources explored under its jurisdiction serve a peaceful purpose, are gathered and used in a sustainable manner compatible with international law and for the benefit of humankind. Luxembourg’s vision is built on support for advanced research activities and technological capabilities, drawing on the country’s existing expertise in the space sector and its ongoing strategy of economic diversification into future-oriented high-tech industries.
At the 2017 Paris Air Show in Le Bourget, Luxembourg’s Deputy Prime Minister and Minister of the Economy Etienne Schneider and ESA Director General, Jan Wörner, signed a joint statement on future activities concerning missions to the asteroids, related technologies and space resources exploration and utilization.
Deep Space Industries recently delivered 3.5 gallons of dirt to NASA that was developed to simulate the material found on an asteroid or moon.
On Monday, June 5, 2017, the conference “The Promise of Space Resources: a Luxembourg Public-Private Initiative” was held in New York.