Together with the Space Frontier Foundation, the Ministry of the Economy of the Grand Duchy of Luxembourg is organising the NewSpace conference. This is the first time the famous event will bring together major players in the commercial space industry outside the USA. Under the slogan 'New Frontiers of Opportunity', the conference creates a place to exchange ideas, meet and find economic opportunities for players in the space industry.
Until now space was an area reserved for States, but it is becoming increasingly appropriated by the private sector, with companies in the field of reusable launchers or miniature satellites. By positioning itself as a European hub for the use and exploration of space resources, with its SpaceResources.lu initiative , Luxembourg aims to boost its space sector with the development of a 'NewSpace' industry.
The programme and contributors
HRH the Hereditary Grand Duke will attend the conference opening ceremony which starts at 9.00 on Thursday 16 November. After a message from the CEO of Tesla and SpaceX Elon Musk, the opening speech will be given by the Deputy Prime Minister and Minister of the Economy Étienne Schneider, followed by speeches from the President and Director of Operations of SpaceX Gwynne Shotwell, and the President and CEO of SES, Karim Michel Sabbagh. The speakers also include the Director General of the European Space Agency (ESA) Johann-Dietrich Wörner, who will present the ESA's vision and take part in a round table based on a 'village' on the Moon.
The evening of Thursday 16 November 2017 is dedicated to the European award presentation ceremony as part of the Space Exploration Masters. This international competition organised by the ESA aims to identify successful technology transfers from space exploration programmes, as well as to reinforce and encourage commercial innovation in the context of space exploration activities. The Ministry of the Economy will also present a special award in the context of its SpaceResources.lu initiative.
A legal framework for space exploration.
Since the start of 2016, the Luxembourg government has been moving forward with the SpaceResources.lu initiative, presenting a global strategy to be gradually implemented for the commercial use and exploration of Near-Earth objects. Since then, many international actors have joined the initiative and with the law of 20 July 2017, the Grand Duchy is the first European country to establish a legal framework that ensures private operators' right to resources extracted in space.
(Article written by the luxembourg.lu portal's editorial team / Source: press release from the Ministry of the Economy)