BRUSSELS (Luxembourg Space Agency PR) — Didier Reynders, Deputy Prime Minister, Minister for Foreign Affairs and Defence of the Kingdom of Belgium, and Etienne Schneider, Deputy Prime Minister and Minister of the Economy of the Grand Duchy of Luxembourg, signed a joint declaration at the Palais d’Egmont in Brussels on 23 January 2019 in which the two countries commit to collaborate on the development of an international framework for the exploration and utilisation of space resources.
Due to technological developments and the arrival of new players, there is growing political and commercial interest in the use and exploitation of space resources.
Luxembourg Economy Minister Etienne Schneider has disclosed to Parliament that the nation lost €12 million ($13.7 million) investing in the asteroid mining company Planetary Resources, the Luxembourg Times reports.
In October, Luxembourg sold its stake in the company, which was acquired by the block chain management firm ConsenSYS.
The SNCI set up the SAAM Luxembourg, a company created with €13.75 million [$15.7 million], of which €12 million [$13.7 million] was directly invested in Planetary Resources for the 10% stake in its shares.
“This decision to sell results, among other things, from an analysis of the particular American legal context and prudent management which intends to limit the potential exposures of SAAM Luxembourg, or even of SNCI as sole shareholder of SAAM Luxembourg,” Schneider explained.
“The realised capital loss corresponds roughly to the value adjustment (of 100% of the sums invested in Planetary Resources) in the accounts in SAAM Luxembourg’s 2017 annual results,” he added.
EL SEGUNDO, Calif., Oct. 24, 2018 (Aerospace Corporation PR) – The Aerospace Corporation’s Center for Space Policy and Strategy (CSPS) released a new report today, A Model for Space Sector Growth: A Luxembourg Case Study, which analyzes the country’s success in growing its space sector by supporting commercial partnerships and other incentives to strengthen its position in the space industry.
LUXEMBOURG CITY (Luxembourg Government PR) — The Grand Duchy of Luxembourg, represented by the Deputy Prime Minister, Minister of the Economy, Étienne Schneider, and the Republic of Poland, represented by the Minister of Entrepreneurship and Technology, Jadwiga Emilewicz, signed a memorandum of understanding (MoU) to start bilateral cooperation on space activities with particular focus on the exploration and utilization of space resources. The five-year MoU covers the exchange of information and expertise in the areas of space technologies, policy, law and regulation.
LUXEMBOURG CITY, LUXEMBOURG September 27, 2018 (Made in Space PR) – Made In Space, Inc. (MIS) to open a new facility in Luxembourg which will enable the company to more easily serve its European customers. MIS’s Luxembourg operations will focus on bringing low-cost robotic systems to the European market. Luxembourg was a strategically chosen location due to its proximity to both excellent robotics talent and successful European aerospace companies.
LUXEMBOURG CITY (Luxembourg Space Agency PR) — The arrival of Made In Space, Hydrosat and CubeRover further widens the spectrum of activates of the Luxembourg business-oriented space ecosystem and reinforces the Luxembourg space capabilities.
CubeRover Platform to Revolutionize Lunar Access and Capability for Companies, Governments, Universities, and Non-Profits
LUXEMBOURG CITY, Luxembourg, September 27, 2018 (CubeRover PR) — CubeRover SARL (CubeRover) and Luxembourg announce today the agreement for the development of next-generation planetary rovers in Luxembourg.
This historic agreement marks the establishment of CubeRover’s operations in the Grand Duchy as a spin out organization from Astrobotic Technology, Inc. (Astrobotic), a space robotics company based in Pittsburgh, Pennsylvania, USA.
LUXEMBOURG (Ministry of the Economy/FRN PR) — Deputy Prime Minister, Minister of the Economy, Étienne Schneider, and Secretary General and Executive Head of the Luxembourg National Research Fund (FNR), Marc Schiltz, signed an agreement to develop a program to support research for the commercial space industry in Luxembourg.
The “Space Research Program” will provide funding for national public research institutions and Luxembourg based companies to collaborate with each other to advance knowledge, to attract and nurture top-tier talent, and to provide sustaining contributions to the Luxembourg space industry ecosystem.
Unlike US space agency Nasa, Luxembourg’s agency will not carry out research or launches. Its purpose is to accelerate collaborations between economic project leaders of the space sector, investors and other partners.
The agency will back an investment fund to invest in promising projects. Head of space affairs Marc Serres told Delano in May 2018 that financing was one of the department’s five pillars. Serres said at the time the fund would be a public private initiative with the state as anchor investor and private investors running it.
Paperjam reported on Tuesday that the fund’s investors would be presented in the coming days. It added that some 150 new space companies had approached the economy ministry in a bid to establish operations in Luxembourg.
Chinese Academy of Sciences to establish a Research Laboratory in Luxembourg
LUXEMBOURG, January 16, 2018 (Luxembourg Government PR) – The Ministry of the Economy and the China National Space Administration (CNSA) signed today a Memorandum of Understanding (MoU) that provides a framework for the development and implementation of scientific, technical, economic and political cooperation between Luxembourg and China in the exploration and use of outer space for peaceful purposes. The areas of potential cooperation include, but are not limited to economic, legal, regulatory and technological aspects of the utilization of space resources.
Furthermore, the Ministry of the Economy, represented by Deputy Prime Minister, Minister of the Economy, Étienne Schneider and the National Space Science Center (NSSC) of the Chinese Academy of Sciences (CAS) signed a cooperation agreement to establish a Research Laboratory of Deep Space Exploration in Luxembourg. The National Space Science Center is China’s gateway to space science. It is the key institute responsible for planning, developing, launching and operating China’s space science satellite missions.
The Research Laboratory of Deep Space Exploration will be established as an independent legal entity in Luxembourg where it will carry out scientific research and technology development and thus contribute to achieving the objectives set forth within the SpaceResources.lu initiative. Other main research fields of the Research Laboratory include universal interplanetary communications network related technology or advanced deep space communications technology. In a first stage, the Research Laboratory will employ at least 5 employees in Luxembourg.
LUXEMBOURG (Government PR) — Deputy Prime Minister and Minister of Economy Etienne Schneider will pay a working visit to the People’s Republic of China from January 15 to 16, 2018.
The Luxembourg delegation will travel to Beijing where Etienne Schneider will meet with political and economic leaders. The Deputy Prime Minister, Minister of Economy will be, among others, welcomed by the Minister of Commerce, Zhong Shan, to take stock of the development of trade relations between the two countries.
Interviews with senior officials from the China Academy of Science and the Chinese Space Agency will also be on the agenda. During these interviews, cooperation agreements between Luxembourg and the People’s Republic of China will be signed in the scientific and spatial field, and more particularly in the field of exploration and use of resources in space.
LUXEMBOURG, November 29, 2017 (Luxembourg PR) – The Government of the Grand Duchy of Luxembourg, represented by the Deputy Prime Minister, Minister of the Economy, Étienne Schneider, and the Cabinet Office of Japan, represented by Masaji Matsuyama, Minister of State for Space Policy, signed today in Tokyo a memorandum of cooperation on exploration and commercial utilization of space resources.
Within its SpaceResources.lu initiative, Luxembourg offers commercial companies an attractive overall environment for space resource exploration and utilization related activities, including but not limited to a legal regime. The Grand Duchy is the first European country to offer a legal and regulatory framework addressing the capability of ownership of space resources and laying down the regulations for the authorization and the supervision of such missions in space.
The five-year cooperation agreement between Luxembourg and Japan covers the exchange of information and expertise on the exploration and commercial utilization of space resources and intends to further enhance cooperation in the field of space activities. The exchange of information may cover all the issues of the exploration and commercial utilization of space resources, including legal, regulatory, technological, economic, and other aspects.
Luxembourg’s Deputy Prime Minister and Minister of the Economy Etienne Schneider declared:
After the agreements signed with Portugal and the United Arab Emirates, this is another important step forward in enhancing international cooperation. Our common approach and goals will surely open new collaboration opportunities. The agreement is a solid recognition of our SpaceResources.lu initiative, especially as Japan and more precisely JAXA have a strong experience in space missions and have been initiators of the renowned Hayabusa missions to collect samples from an asteroid and return them to Earth.
Luxembourg, November 15, 2017 (Luxembourg PR) – The Luxembourg Government and Spire Global signed a cooperation agreement to develop, through the opening of a European HQ by the US-based company, several key activities in the Grand Duchy focused on space platform engineering, data analytics, infrastructure engineering and business development. The office in Luxembourg will serve as Spire’s full-service European headquarters. Spire is a satellite powered data company with offices in the US, Europe and Asia offering products for global ship tracking and high frequency weather data.
Luxembourg, November 14, 2017 (Luxembourg PR) – The Luxembourg Ministry of the Economy today announced that Mr. Gary Martin, former Director of Partnerships at NASA Ames, recently joined its Space Affairs Department. As an independent advisor, Gary Martin assists the Directorate-General for Research, Intellectual Property and New Technologies, in charge of Space Affairs, to implement the strategy relating to the SpaceResources.lu initiative in close collaboration with national partners from research and academia.
Gary Martin retired from the position as Director of Partnerships at NASA Ames Research Center, which is one of ten NASA field centers and is located in the heart of California’s Silicon Valley. He was in charge of identifying new business opportunities, creating entrepreneurial partnerships, transferring NASA technology to industry, and contributing to the development of the Center’s long-term strategy. Gary Martin was with NASA for over 25 years and worked at Langley Research Center, NASA Headquarters and Goddard Space Flight Center before joining NASA Ames.
Gary Martin stated: “I am honored to assist the Luxembourg Government in its efforts to position Luxembourg as an ideal location for innovative projects in advanced space technologies.”
Luxembourg Deputy Prime Minister and Minister of the Economy, Etienne Schneider, commented: “I am delighted to welcome in our team a recognized expert for his contribution to research and innovation at NASA. Gary Martin will put his expertise and experience to the benefit of Luxembourg’s willingness to sustain the development of a new economic era in space and the positioning of the country as a global space hub.”