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.
An article was published by Forbes, dedicated to NewSpace Europe, the first space conference in Europe to focus solely on the newspace industry and the economic opportunity of space.
Through the opening of a European HQ in Luxembourg, Spire will develop several key activities in the Grand Duchy focused on space platform engineering, data analytics, infrastructure engineering and business development.
Gary Martin, former Director of Partnerships at NASA Ames, recently joined the Luxembourg Ministry of the Economy, to implement the strategy relating to the SpaceResources.lu initiative in close collaboration with national partners from research and academia.
"We have grown from nothing to the most dynamic in Europe," Schneider told an audience Saturday, in a speech at the New Worlds conference in Austin, Texas. He added that the country's space program was first launched just over 30 years ago.