Luxembourg Space Glossary
23 September 2019
This glossary aims at explaining frequently used terms in space sector in a simple manner.
Blog: Luxembourg Blog | 01 February 2019
The past two years have been significant for the space sector in Luxembourg. Major initiatives include the launch of Spaceresources.lu and the Luxembourg Space Agency and the publication of the law on space mining. In 2019, Luxembourg will still be a trailblazer!
Business framework
In September 2018, Luxembourg officially launched the Luxembourg Space Agency. It is not about sending rockets to the moon but rather about providing an attractive business, legal, and regulatory framework to companies and investors to develop this industry in Luxembourg.
With a strong political will, the Spaceresources.lu initiative (a platform dedicated to the sector launched in 2016), and the first space mining legislation in the World published in 2017, Luxembourg is regarded worldwide as both a first-mover and a proactive player in this sector. According to a Delano article of August 2018, 150 space companies had already contacted the Luxembourg Minister of Economy, Etienne Schneider, to establish themselves in Luxembourg.
Why is a legal framework required?
Luxembourg's space activities are currently governed by:
The Luxembourg space sector is flourishing but there are many activities that are not covered by these laws, a.o. observation of earth, space exploration, and the refueling and refurbishing of satellites. So a new draft law on space activities is currently being discussed by the Luxembourg Parliament. Here is what you should know about it:
Luxembourg, the space to be.
The space sector is raising the awareness of Luxembourg among major countries competing within this growing industry, for example:
More and more foreign private players are also becoming part of the Luxembourg game, ie:
What's next in 2019 from a legal point of view?
The 2017 Luxembourg law on space mining is quite visionary and sets out a flexible framework for space miners. However, some questions remain unanswered and should be discussed … and answered:
So don't forget to watch this space. Aim for the moon, you might land amongst the stars!
Remain posted on the Luxembourg space industry news by following us and the Luxembourg Space Agency on LinkedIn and Twitter.
23 September 2019
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