The Luxembourg Government and Luxembourg-based Kleos Space S.à r.l. signed a MoU providing the framework for their cooperation within the SpaceResources.lu initiative with focus on space technology development.
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.
The Luxembourg Parliament adopted the draft law on the exploration and use of space resources.
Its main objectives will to be to bring together interested individual investors into the space industry and stimulate & support Luxembourg´s position as a space nation.
The new space economy of 2030 will provide huge benefits, from pushing technologies as we find ways to live sustainably beyond our planet, to improved Earth observations to help protect and preserve life back home, to creating new jobs, companies and opportunities.