Europe is exploring the economic potential of its space and navigation systems, including Galileo, with involvement from the European Commission and the European Investment Bank.
2 reports, 1 independent
Updated Sep 10
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What happened
Europe is exploring the economic potential of its space and navigation systems, including Galileo, with involvement from the European Commission and the European Investment Bank.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- ESA awarded Leonardo a contract for architecture studies to strengthen Europe's resilience through space capabilities, funded by the EC.Sub-event
- During an international summit in Paris, the European Space Agency awarded a €760mn contract to Exploration Company.Sub-event
- Galileo supports critical infrastructure, assists in tracking climate change impacts, and provides precise timing for European grids.Sub-event
Europe's space budget investment lags behind the US, despite EU funding efforts.1 source
Europe leverages its space and navigation infrastructure (Galileo, ESA) to explore economic potential with EC and EIB support.1 source
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The entities involved
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Europe
terrestrial continent located in north-western Eurasia
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Galileo
operating system
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European Investment Bank
body of the European Union providing funding for projects fostering EU aims, both within and outside the EU
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European Space Agency
European organisation dedicated to space exploration
Related events
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- ESA is a European organization.
- Europe seeks autonomy from foreign space services, with Germany contributing to the defense-space plan.
- Europe is seeking to boost its industry standing by leveraging partnerships in education and science, culminating in the co-organization of the International Space Summit.
- The European Commission is drafting an EU Space Act and industrial policy, facing withdrawals due to regulatory friction over international satellite spectrum access.