Luxembourg, one of Europe’s smallest countries is gradually becoming a giant in the space industry.<\/p>\n
With a population of just over 590.000, Luxemourg now generates nearly 2 percent of its annual GDP ($61 billion in 2016 ) from the space industry, according to Deputy Prime Minister Etienne Schneider.<\/p>\n
Luxembourg’s sights are set on resources in space, and the country’s “space resources initiative” is plans to make the most out of a quickly growing global industry, Schneider says. “It’s a series of measures to position Luxembourg as the European heart of exploration and use of space resources.”<\/p>\n
Space mining is Luxembourg’s present focus, but it is not the country’s first encounter with the space industry. In 1985, Luxembourg launched a public-private partnership with satellite builder SES. While Schneider said he believes the satellite business has not reached a negative trend, he does not anticipate the space industry growing beyond the 2 percent GDP mark any time soon.<\/p>\n
You can read more about the Deputy Prime Minister’s comments via this link<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Luxembourg, one of Europe’s smallest countries is gradually becoming a giant in the space industry. With a population of just over 590.000, Luxemourg now generates nearly 2 percent of its annual GDP ($61 billion in 2016 ) from the space industry, according to Deputy Prime Minister Etienne Schneider. Luxembourg’s sights are set on resources in … <\/p>\n