Luxembourg (Europe)

Companies around the world - in transportation, exploration, energy, construction or hospitality - are all looking upwards for the next growth opportunity. Space is quickly becoming a place where the industries that power our global economy will conduct business.

What do we call an economic area like this, that is not limited to a single planet, and no longer has physical boundaries? We can't call it an industry, when private industrial groups can generate revenue and profit not only from the Earth but from near-Earth asteroids (NEAs), the Moon and Mars and beyond. It is simply a medium in which humanity conducts commerce.

Let’s take a look at the industry sectors that will be the first to take advantage of our expanded economic sphere, and some of the specific opportunities for growth.

 

The Government of Luxembourg believes so strongly in this emerging industry it recently created the $227 million Space Resoruces initiative to establish Luxembourg as a European hub for space resources. Its aim is to contribute to the peaceful exploration and sustainable utilization of space resources for the benefit of humankind. Space mining activities will initially focus on water and water-derived propellants to enable in-space infrastructure.

 

Once this propellant is readily available, companies will begin sourcing structural metals for construction projects and eventually precious metals needed for in-space manufacturing or possibly for return to Earth.

 

Learn more / En savoir plus / Mehr erfahren:

 

https://www.scoop.it/t/luxembourg-europe/?&tag=Space