Three U.S. small space companies establish offices in Luxembourg
Capitalism in space: Three U.S. small space companies have now established offices in Luxembourg in order to take advantage of the financial backing that nation is willing to afford.
The government of Luxembourg announced Sept. 27 that CubeRover, Hydrosat and Made In Space will all establish facilities in the country, in many cases working with local universities and companies. The work those companies do in Luxembourg will range from development of robotic arms to small planetary rovers.
“The success of our development strategy for the space sector, including the recent launch of the Luxembourg Space Agency, is confirmed once more with the settlement in Luxembourg of three space companies that plan to employ up to 85 people in the Grand-Duchy by 2023,” said Étienne Schneider, deputy prime minister and minister of the economy of the Luxembourg government and the driving force for the country’s recent space initiatives.
The largest agreement, in terms of jobs created, goes to Made In Space. That company, best known for additive manufacturing work on the International Space Station, plans to work on a low-cost modular robotic arm for in-space applications, and will create up to 50 jobs in the country.
They did not mention what the terms are of Luxembourg’s financial support, but I suspect it is most helpful for these companies.
Capitalism in space: Three U.S. small space companies have now established offices in Luxembourg in order to take advantage of the financial backing that nation is willing to afford.
The government of Luxembourg announced Sept. 27 that CubeRover, Hydrosat and Made In Space will all establish facilities in the country, in many cases working with local universities and companies. The work those companies do in Luxembourg will range from development of robotic arms to small planetary rovers.
“The success of our development strategy for the space sector, including the recent launch of the Luxembourg Space Agency, is confirmed once more with the settlement in Luxembourg of three space companies that plan to employ up to 85 people in the Grand-Duchy by 2023,” said Étienne Schneider, deputy prime minister and minister of the economy of the Luxembourg government and the driving force for the country’s recent space initiatives.
The largest agreement, in terms of jobs created, goes to Made In Space. That company, best known for additive manufacturing work on the International Space Station, plans to work on a low-cost modular robotic arm for in-space applications, and will create up to 50 jobs in the country.
They did not mention what the terms are of Luxembourg’s financial support, but I suspect it is most helpful for these companies.