Fishermen own the fish they catch, but they do not own the ocean.
Etienne Schneider
Our aim is to open access to a wealth of previously unexplored mineral resources on lifeless rocks hurling through space, without damaging natural habitats.
Luxembourg is such a small country that we always have to reinvent ourselves and take on a certain risk to succeed.
In 1985, the government decided to launch the first satellite. We had huge discussions then that nobody would need that kind of satellite or that it could fall from the sky.
I have more than 70 space companies in the pipeline.
Luxembourg's aims is to be in the top 10 space-faring nations in the world.
Asteroids are often seen as a threat, but they are also an opportunity. The use of space resources holds a large potential for future technological innovation.
Luxembourg is the first adopter in Europe of a legal and regulatory framework recognizing that space resources are capable of being owned by private companies.
London is a very important financial centre.
Luxembourg has always been a country that has tried to reinvent its own future.
We will support the long-term economic development of new, innovative activities in the space and satellite industries as a key high-tech sector for Luxembourg.
Luxembourg has a track record of being successful when it takes risks. You need to take on risks to be successful.
In the long term, space resources could lead to a thriving new space economy and human expansion into the solar system.
