Space industry employs more than 700 people in Luxembourg

Since Luxembourg joined the European Space Agency (ESA) in 2005, the space industry has steadily grown in the Grand-Duchy and now employs just over 700 people in the country, according to data from the Ministry of Economy. 

The growth is mainly due to the development strategy of the sector as one of the "priorities" of the government to diversify the national economy.

According to the Ministry of Economy, the sector currently boasts about 40 companies, including the satellite operators SES, Intelsat, and three public organisations.

All eyes though are on the 'SpaceResources.lu' project aiming to explore the natural resources of space such as asteroids, a venture that is set to expand over the coming years.