The tiny nation leading a new space race

Luxemburg, begot!

There now are 10 space-mining companies (including ispace) legally domiciled in Luxembourg since the launch of the country’s space resources law in February 2016. This was fuelled by a fund worth $223m (200m euros/£176m).


Luxembourg’s Space Resources Act opened a floodgate for investment, with the ministry of economy now saying the space industry accounts for some 1.8% of the nation’s GDP, the highest ratio of any EU country.

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