The "Space Research Program" will provide funding for national public research institutions and Luxembourg based companies.
Luxembourg-based company, Kleos Space S.A., has successfully closed 6.96 Mio EUR (11 Mio AUD) in funding and will begin trading on the Australian Stock Exchange.
The Moon and nearby asteroids could contain untold riches and resources to help further space exploration. One small country is aiming to take a leading role in this new space race.
European Space Agency (ESA) Director-General Johann-Dietrich Wörner had an exchange of views with members of the Luxembourg parliament on July 10 2018