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" Luxembourg is the first adopter in Europe of a legal and regulatory framework recognizing that space resources are capable of being owned by private companies. "

Etienne Schneider

Space

Resources

Legal

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" Luxembourg has always been a country that has tried to reinvent its own future. "

" In 1985, the government decided to launch the first satellite. We had huge discussions then that nobody would need that kind of satellite or that it could fall from the sky. "

" I have more than 70 space companies in the pipeline. "

Etienne Schneider

Pipeline

Companies

" We will support the long-term economic development of new, innovative activities in the space and satellite industries as a key high-tech sector for Luxembourg. "

" Luxembourg has a track record of being successful when it takes risks. You need to take on risks to be successful. "

" In the long term, space resources could lead to a thriving new space economy and human expansion into the solar system. "

" Asteroids are often seen as a threat, but they are also an opportunity. The use of space resources holds a large potential for future technological innovation. "

" Fishermen own the fish they catch, but they do not own the ocean. "

" Our aim is to open access to a wealth of previously unexplored mineral resources on lifeless rocks hurling through space, without damaging natural habitats. "

" Luxembourg's aims is to be in the top 10 space-faring nations in the world. "

" London is a very important financial centre. "