Following the establishment of the initiative in 2016 to promote and develop the research, economic and legal aspects of space resources, the European Space Agency and the Luxembourg Space Agency have been working together to explore opportunities for cooperation and have identified common objectives for research and development.

To further commit to these objectives, Deputy Prime Minister, √Čtienne Schneider, and ESA Director General, Jan W√∂rner signed a memorandum of cooperation on November 27.

The two organizations are working on finding solutions to the great financial cost of space exploration by developing new technologies such as turning resources found in space into oxygen and water; fuel or building materials that will open up new opportunities for Europe’s exploration of the Solar System; and providing new business opportunities, as well as benefits for communities on Earth.

To learn more, please click here.