About – SpaceResources.Lu
Luxembourg is offering an ideal overall framework for the exploration and commercial utilization of resources from ‘celestial bodies’ such as asteroids or from the moon. By supporting innovative R&D projects in the frame of the SpaceResources.lu initiative, including direct investments in companies active in such advanced space technologies, the Grand Duchy aims to be at the forefront of the next stage of development in the space industry.
Space is one of the priority sectors that Luxembourg has constantly promoted since its entry into the space business more than 35 years ago. One of the country’s biggest successes in space was the government-supported SES created in 1985, which is the largest commercial satellite operator in the world today.
The SpaceResources.lu initiative is developed and implemented under the political responsibility of the Deputy Prime Minister and Minister of the Economy, Étienne Schneider to position Luxembourg as a European hub for the utilization of space resources.