Plan Proposed to Invest NIS 600 Million to Boost Space Industry in Israel

The new program also includes the establishment of a satellite for research purposes, increasing the number of researchers and high school graduates working in the field.

TEL AVIV (Israel Space Agency PR) — Israel’s strategic plan for space development is unveiled for the first time: an investment of NIS 600 million [USD $179.96 million] over a five-year period, with the aim of doubling the number of local space companies and quadrupling the volume of annual sales in the field. The goals of the program are also, among other things, to increase the number of high school graduates who have dealt in a tangible way in the field as well as the number of space researchers in academia. 

The strategic plan for the advancement of the field of civil space in Israel was presented by the Israel Space Agency to the ministry of Innovation, Science and Technology Orit Farkash-Hacohen. This follows her request to map in detail the space of opportunity as well as the vision, goals and actions required to take advantage of these opportunities. In the background of the program is the dramatic change that has taken place in the field of space in the world in recent years, with the opening of space to entrepreneurs and private investors and its transformation into a growing and developing market. 

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Israel Signs Artemis Accords

Israel Space Agency Director General Uri Oron signs the Artemis Accords during a ceremony in Tel Aviv Jan. 26, 2022. (Credits: Tzipi Vilmovski)

TEL AVIV (NASA PR) — In becoming the first country to sign the Artemis Accords in 2022, Israel affirmed its commitment to a common set of principles to guide cooperation among nations participating in 21st century space exploration.

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Israel’s Helios Signs Agreement with iSpace to Produce Oxygen on the Moon

Helios’ oxygen production solution, supported by the Israel Space Agency, could reduce the number of launches from Earth and allow for a long-term human presence in deep space. (Credit: Helios)

TEL AVIV (Israel Space Agency PR) — The Israeli company Helios, which develops technology for extracting oxygen from the lunar soil, signed the first Israeli-Japanese agreement for technological cooperation on July 19. Helios, with the support of the Israel Space Agency in the Ministry of Innovation, Science and Technology, will be integrated into the mission to the moon of the Japanese company ispace. As part of the mission, the Israeli company will conduct a demonstration of technology for extracting oxygen and metal from the lunar regolith.

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