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.
SpaceResources // Luxembourg
Due to technological developments and the arrival of new players, there is growing political and commercial interest in the use and exploitation of space resources.
A Luxembourg Space Agency study predicts a market revenue of up to 170 billion EUR generated by the space resources utilization industry over the 2018-2045 period
Following the UAE Space Agencys signing of a Memorandum of Understanding (MoU) with the Government of the Grand Duchy of Luxembourg in 2017, a one-day workshop involving both parties was held on December 5, 2018 in Abu Dhabi
ODYSSEUS Space is the winner of the SpaceResources.lu challenge of the ESA Space Exploration Masters competition that awards the best business ideas for space exploration that also benefit society.