Luxembourg announces creation of space agency
The new colonial movement: Luxembourg today announced that it will officially launch its own space agency as of September 12, 2018.
Unlike US space agency Nasa, Luxembourg’s agency will not carry out research or launches. Its purpose is to accelerate collaborations between economic project leaders of the space sector, investors and other partners.
The agency will back an investment fund to invest in promising projects. Head of space affairs Marc Serres told Delano in May 2018 that financing was one of the department’s five pillars. Serres said at the time the fund would be a public private initiative with the state as anchor investor and private investors running it.
As eccentric as Luxembourg’s overall philosophy to tax dollars might be (treating it all as investment capital to invest for profit), this approach in terms of its space agency is right on the money. Not only will their investments bring profits back to their taxpayers (who are really being treated here as investors), they are using this tax money investment as a way to draw private enterprise to their country.
The new colonial movement: Luxembourg today announced that it will officially launch its own space agency as of September 12, 2018.
Unlike US space agency Nasa, Luxembourg’s agency will not carry out research or launches. Its purpose is to accelerate collaborations between economic project leaders of the space sector, investors and other partners.
The agency will back an investment fund to invest in promising projects. Head of space affairs Marc Serres told Delano in May 2018 that financing was one of the department’s five pillars. Serres said at the time the fund would be a public private initiative with the state as anchor investor and private investors running it.
As eccentric as Luxembourg’s overall philosophy to tax dollars might be (treating it all as investment capital to invest for profit), this approach in terms of its space agency is right on the money. Not only will their investments bring profits back to their taxpayers (who are really being treated here as investors), they are using this tax money investment as a way to draw private enterprise to their country.