SPACERESOURCES.LU INITIATIVE

In 2016, the Ministry of the Economy of Luxembourg announced the SpaceResources.lu initiative with a vision to enhance the commercial space sector in Luxembourg and to contribute to the peaceful exploration and sustainable utilization of space resources for the benefit of humankind. As humanity ventures deeper into space, metals, gases and water found on planets, moons and asteroids will become vital to sustain life in space. Drawing on Luxembourg’s existing expertise in the space sector, the country’s ongoing strategy of economic diversification into future-oriented high-tech industries is poised to position the Grand Duchy as a hub for commercial activities targeting the utilization of space resources.

 

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