TERRESTRIAL MAGNET FOR A SPACE INDUSTRY
Against this backdrop, Luxembourg two years ago launched its SpaceResources.lu initiative to support private-sector efforts to identify, access and collect valuable resources from space bodies. The legislation, which came into force in August 2017 and offers legal clarity to companies on the ownership and use of their discoveries, establishes a legal and regulatory regime for authorisation and oversight of space exploration and resource extraction activities.
In addition to the European subsidiaries of leading asteroid mining start-ups, the Grand Duchy is now hosting businesses in fields ranging from space-based data and nanosatellite development to in-orbit manufacturing and lunar exploration. The government has also concluded space co-operation agreements with Japan, the United Arab Emirates and China, with other countries likely to follow.
Luxembourg – which arguably invented today’s satellite broadcasting and telecommunications landscape with its creation in 1985 of the Société Européenne des Satellites, now the world’s largest private sector satellite operator – is an active member of the European Space Agency and in particular its ARTES programme to develop innovative satellite communications systems and services. The government encourages the development of space activities through a variety of financial support initiatives, most recently a planned dedicated space venture capital fund.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=Space
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TERRESTRIAL MAGNET FOR A SPACE INDUSTRY
Against this backdrop, Luxembourg two years ago launched its SpaceResources.lu initiative to support private-sector efforts to identify, access and collect valuable resources from space bodies. The legislation, which came into force in August 2017 and offers legal clarity to companies on the ownership and use of their discoveries, establishes a legal and regulatory regime for authorisation and oversight of space exploration and resource extraction activities.
In addition to the European subsidiaries of leading asteroid mining start-ups, the Grand Duchy is now hosting businesses in fields ranging from space-based data and nanosatellite development to in-orbit manufacturing and lunar exploration. The government has also concluded space co-operation agreements with Japan, the United Arab Emirates and China, with other countries likely to follow.
Luxembourg – which arguably invented today’s satellite broadcasting and telecommunications landscape with its creation in 1985 of the Société Européenne des Satellites, now the world’s largest private sector satellite operator – is an active member of the European Space Agency and in particular its ARTES programme to develop innovative satellite communications systems and services. The government encourages the development of space activities through a variety of financial support initiatives, most recently a planned dedicated space venture capital fund.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=Space