By Bilal Hafeez 18-07-2019

How Luxembourg is Positioning Itself to be the Centre of Space Business (The Conversation, 3 min read)

(You can read the article by clicking here)

A number of governments and private firms are exploring near-Earth asteroid mining. These investments can be risky but offer the potential for high returns. Luxembourg is positioning itself as an attractive location for space ventures with its satellite sector now representing 2% of GDP, and substantial further investment earmarked. The Luxembourg Space Agency was set up in 2018 as a start-up investment vehicle and the country is now home to over fifty other companies in the sector, enjoying a well-established regulatory, tax, and R&D environment. However, several multi-million US investments have recently fared poorly, which suggests the sector is still high-risk.

Why does this matter? While Europe may not lead in space tech, it is carving out a niche in providing an attractive location for space investment.

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